Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 52

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 52
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 (i) could significantly limit or completely hinder
our ability to continue our operations; (ii) could significantly limit or hinder our ability to offer or continue to offer our Class
A Ordinary Shares to investors; and (iii) may cause the value of our Class A Ordinary Shares to significantly decline or become worthless.

Furthermore, if the PRC attempts to alter its
agreement to allow Hong Kong to function autonomously, this could potentially impact Hong Kong’s common law legal system
and may in turn, bring about uncertainty in, for example, the enforcement of our contractual rights. This could, in turn, materially and
adversely affect our Operating Subsidiary’s business and operations. The uncertainties regarding the enforcement of laws and the
fact that rules and regulations in China can change quickly with little advance notice, along with the risk that the Chinese government
may intervene or influence our Operating Subsidiary’s operations at any time could result in a material change in our Operating
Subsidiary’s operations and/or the value of the securities we are registering. Additionally, intellectual property rights and confidentiality
protections in Hong Kong may not be as effective as in the United States or other countries. Accordingly, we cannot predict
the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to existing laws
or the interpretation or enforcement thereof, or the preemption of local regulations by national laws. These uncertainties could limit
the legal protections available to us, including the ability to enforce agreements with the customers.

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If the PRC government chooses to extend the oversight and control over offerings that are conducted overseas and/or foreign investment in Mainland China-based issuers to Hong Kong-based issuers, such action may significantly limit or completely hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline or be worthless.

Recent statements, laws and regulations by the
PRC government, including the Measures for Cybersecurity Review (2021), the PRC Personal Information Protection Law and the Trial Administrative
Measures published by CSRC on February 17, 2023, which took effect on March 31, 2023, also have indicated an intent to exert
more oversight and control over offerings that are conducted overseas and/or foreign investments in Mainland China-based issuers. It remains
uncertain as to the enactment, interpretation and implementation of regulatory requirements related to