Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 24

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 24
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individual directly or indirectly; (iii) as of the date of this prospectus, Wching HK did not collect or store any personal information
of individual customers of Mainland China; (v) we do not place any reliance on collection and processing of any personal information
to maintain our business operation; (vi) data processed in our business should not have a bearing on national security nor affect
or may affect national security; (vii) all of the data our Operating Subsidiary have collected is stored in servers located in Hong Kong;
and (viii) as of the date of this prospectus, Wching HK has not been informed by any PRC governmental authority of any requirement
that it file for a cybersecurity review. Moreover, pursuant to the Basic Law of the Hong Kong Special Administrative Region, or the
Basic Law, PRC laws and regulations shall not be applied in Hong Kong except for those listed in Annex III of the Basic Law
(which is confined to laws relating to national defense, foreign affairs and other matters that are not within the scope of autonomy).

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However, there remains uncertainty as to how the
Trial Administrative Measures will be interpreted or implemented, and the relevant PRC governmental authority may not take a view that
is consistent with our Hong Kong counsel. Also, significant uncertainty exists in relation to the interpretation and enforcement
of relevant PRC cybersecurity laws and regulations. If we were deemed to be an “operator of critical information infrastructure”
or a “data processor” controlling the personal information of no less than one million users under the Measures, or if other
regulations promulgated in relation to the Measures are deemed to apply to us, our business operations and the continued listing of our
Class A Ordinary Shares in the U.S. could be subject to cybersecurity review by the Cyberspace Administration of China, or the CAC,
in the future.

As confirmed by our Hong Kong counsel, pursuant
to the Basic Law of the Hong Kong Special Administrative Region, or the Basic Law, which is a national law of the PRC and the constitutional
document for Hong Kong, national laws of the PRC shall not be applied in Hong Kong except for those listed in Annex III
of the Basic Law (which shall be confined to laws relating to defense and foreign affairs as well as other matters outside the autonomy
of Hong Kong).Whilst the National People’s Congress of the PRC, or the NPC, has the power to amend the Basic Law, the