Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 18

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 18
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 | There remain significant uncertainties as to whether we will                                                                                 
 be required to obtain approvals from Chinese authorities to offer and continue to offer securities on U.S. exchanges, and if required,       
 we cannot assure you that we will be able to obtain such approval. We may become subject to a variety of PRC laws and other obligations      
 regarding data security in relation to offerings that are conducted overseas, and any failure to comply with applicable laws and obligations 
 could have a material and adverse effect on our business, financial condition and results of operations and may 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. See “Risk Factors —Risks Related to Doing Business in Hong Kong — There remain significant                                  
 uncertainties as to whether we will be required to obtain approvals from Chinese authorities to offer and continue to offer securities       
 on U.S. exchanges, and if required, we cannot assure you that we will be able to obtain such approval. We may become subject to a variety    
 of PRC laws and other obligations regarding data security in relation to offerings that are conducted overseas, and any failure to comply    
 with applicable laws and obligations could have a material and adverse effect on our business, financial condition and results of operations 
 and may 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” on page 18.                                                                                 |

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Risks Related to Our Class A Ordinary Shares

| ● | The dual class structure of our Class A Ordinary Shares and                                                                               
 Class B Ordinary Shares has the effect of concentrating voting control with our CEO and Chairman of the Board and his affiliates. See     
 “Risk Factors — Risk Related to Our Class A Ordinary Shares — The dual class structure of our                                             
 Class A Ordinary Shares and Class B Ordinary Shares has the effect of concentrating voting control with our CEO and Chairman of the Board 
 and his affiliates” on page 23.                                                                                                           |

| ● | The sale or availability for sale of substantial amounts                                                              
 of our Class A Ordinary Shares could adversely affect their market price. See “Risk Factors — Risk Related to         
 Our Class A Ordinary Shares — The sale or availability for sale of substantial amounts of our Class A Ordinary Shares 
 could adversely affect their market price” on page 23.                                                                |

| ● | In the event that our Class A Ordinary Shares are delisted