Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 2

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 2
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land China, Furthermore, none of our
customers and suppliers are located in Mainland China. We currently do not have or intend to set up any subsidiary in Mainland China,
and do not foresee the need to enter into any contractual arrangements with a variable interest entity (“VIE”) to establish
a VIE structure in Mainland China. As of the date of this prospectus, as advised by Khoo & Co., our counsel as to the laws of
Hong Kong, we are not subject to the PRC government’s direct influence or discretion over the manner in which we conduct our
business activities outside of the PRC.

However, due to long-arm provisions under
the current PRC laws and regulations, there remains regulatory uncertainty with respect to the implementation and interpretation of laws
in China. Should the PRC government choose to exercise significant oversight and discretion over the conduct of our business, they may
intervene in or influence our operations. Such governmental actions:

| ● | could result in a material change in our operations and/or 
 the value of our securities;                               |

| ● | could significantly limit or completely hinder our ability 
 to continue our operations;                                |

| ● | could significantly limit or completely hinder our ability     
 to offer or continue to offer our securities to investors; and |

| ● | may cause the value of our securities to significantly decline 
 or be worthless.                                               |

We are aware that recently, the PRC government
has initiated a series of regulatory actions and new policies to regulate business operations in certain areas in China, including cracking
down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas using a VIE
structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement.
It is also highly uncertain what the potential impact such modified or new laws and regulations will have on our daily business operations,
its ability to accept foreign investments and the continued listing of our Class A Ordinary Shares on U.S. or other foreign exchanges.
The PRC government may intervene or influence Wching HK’s operations at any time and may exert more control over offerings conducted
overseas and foreign investment in Hong Kong-based issuers. The PRC government may also intervene or impose restrictions on
our ability to move out of Hong Kong to distribute earnings and pay dividends or to reinvest in our business outside of Hong Kong.
Furthermore, PRC regulatory authorities may in the future promulgate laws, regulations or implementing rules that require our Operating