Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 59

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 59
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 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                                                                                           
 of contracts or any other material adverse change in our relationship with our key customers or strategic investors; |

| ● | changes in financial estimates 
 by securities analysts;        |

| ● | detrimental negative publicity             
 about us, our competitors or our industry; |

| ● | additions or departures of 
 key personnel;             |

| ● | release of lockup or other                                                                           
 transfer restrictions on our outstanding equity securities or sales of additional equity securities; |

| ● | regulatory developments affecting 
 us or our industry; and           |

| ● | potential litigation or regulatory 
 investigations.                    |

Any of these factors may result in large and sudden
changes in the volume and price at which the Class A Ordinary Shares will trade. Furthermore, the stock market in general experiences
price and volume fluctuations that are often unrelated or disproportionate to the operating performance of companies like us. These broad
market and industry fluctuations may adversely affect the market price of our Class A Ordinary Shares. Volatility or a lack of positive
performance in our Class A Ordinary Shares price may also adversely affect our ability to retain key employees, most of whom have been
granted share incentives.

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In addition, if the trading volumes of our Class
A Ordinary Shares are low, persons buying or selling in relatively small quantities may easily influence prices of our Class A Ordinary
Shares. This low volume of trades could also cause the price of our Class A Ordinary Shares to fluctuate greatly, with large percentage
changes in price occurring in any trading day session. Holders of our Class A Ordinary Shares may also not be able to readily liquidate
their investment or may be forced to sell at depressed prices due to low volume trading. If high spreads between the bid and ask prices
of our Class A Ordinary Shares exist at the time of a purchase, the stock would have to appreciate substantially on a relative percentage
basis for an investor to recoup their investment. Broad market fluctuations and general economic and political conditions may also adversely
affect the market price of our Class A Ordinary Shares. As a result of this volatility, investors may experience losses on their investment
in our Class A Ordinary Shares. A decline in the market price of our Class A Ordinary Shares also could adversely affect