Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 58

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 58
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 of prices through prearranged matching of purchases
and sales and false and misleading press releases; (iii) “boiler room” practices involving high-pressure sales tactics and
unrealistic price projections by inexperienced sales persons; (iv) excessive and undisclosed bid-ask differentials and markups by selling
broker-dealers; and (v) the wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated
to a desired level, resulting in investor losses. Our management is aware of the abuses that have occurred historically in the penny stock
market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the
market, management will strive within the confines of practical limitations to prevent the described patterns from being established with
respect to our securities.

The trading price of the Class A Ordinary Shares is likely to be volatile, which could result in substantial losses to investors.

Recently, there have been instances of extreme
stock price run-ups followed by rapid price declines and strong stock price volatility with a number of recent initial public offerings,
especially among companies with relatively smaller public floats. As a relatively small-capitalized company with relatively small public
float after this offering, we may experience greater stock price volatility, lower trading volume and less liquidity than large-capitalized
companies. In particular, our Class A Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trade and
large spreads in bid and ask prices due to factors beyond our control. Such volatility, including any stock-run up, may be unrelated to
our actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess
the rapidly changing value of our Class A Ordinary Shares. This may happen because of broad market and industry factors, including the
performance and fluctuation of the market prices of other companies with business operations located mainly in China that have listed
their securities in the United States. In addition to market and industry factors, the price and trading volume for the Class A Ordinary
Shares may be highly volatile for factors specific to our own operations, including the following:

| ● | variations in our revenues, 
 earnings, cash flow;        |

| ● | fluctuations in operating metrics; |

| ● | announcements of new investments,                                                
 acquisitions, strategic partnerships or joint ventures by us or our competitors; |

| ● | announcements of new solutions                        
 and services and expansions by us or our competitors; |

| ● | termination or non-renewal