Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 52

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 52
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 Class A Ordinary Shares significantly decline or be worthless.

There are some political risks associated with conducting business in Hong Kong.

Our operations are based in Hong Kong. Accordingly,
the political and legal developments in Hong Kong will affect our Operating Subsidiary’s business operations and financial
conditions. During the period covered by the financial information incorporated by reference into and included in this prospectus, we
derive all of our revenue from operations in Hong Kong. Any adverse economic, social and/or political conditions, material social
unrest, strike, riot, civil disturbance or disobedience, as well as significant natural disasters, may affect the market and may adversely
affect the business operations of Wching HK, our Operating Subsidiary. Hong Kong is a special administrative region of the PRC and
the basic policies of the PRC regarding Hong Kong are reflected in the Basic Law, namely, Hong Kong’s constitutional document,
which provides Hong Kong with a high degree of autonomy and executive, legislative and independent judicial powers, including that
of final adjudication under the principle of “one country, two systems.” However, there is no assurance that there will not
be any changes in the economic, political and legal environment in Hong Kong in the future. Since all of our Operating Subsidiary’s
operations are based in Hong Kong, any change of such political arrangements may pose an immediate threat to the stability of the
economy in Hong Kong, thereby directly and adversely affecting our results of operations and financial positions.

Under the Basic Law of the Hong Kong Special
Administrative Region of the People’s Republic of China, Hong Kong is exclusively in charge of its internal affairs and external
relations, while the government of the PRC is responsible for its foreign affairs and defense. As a separate customs territory, Hong Kong
maintains and develops relations with foreign states and regions. Based on certain recent development, including the Law of the People’s
Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region issued by the Standing Committee
of the PRC National People’s Congress in June 2020, the U.S. State Department has indicated that the United States
no longer considers Hong Kong to have significant autonomy from China and President Trump signed an executive order and Hong Kong
Autonomy Act, or HKAA, to remove Hong Kong’s preferential trade status and to authorize the U.S. administration to impose
blocking sanctions against individuals and entities who are determined to have materially contributed to the erosion of Hong Kong’s
aut