Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 33

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 33
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 software design and development services. Pursuant to the Reorganization in August 2023 as described below, Wellchange Cayman became the holding company of Wching HK, through the intermediate holding company, Victory Hero. Upon the completion of the Reorganization on August 30, 2023, Wellchange Cayman became the holding company of its subsidiaries. As of the date of this prospectus, details of Wellchange Cayman’s subsidiaries are as follows:

| Name                                          |     | Background                          |     | Ownership       |     | Principal activities                                                                                                                                        |
| Victory Hero Capital Limited (“Victory Hero”) |     | — A BVI company                     
 — Incorporated on August 14, 2023   
 — Issued share capital of US$1      |     | Wholly-owned by 
 the Company     |     | Investment holding                                                                                                                                          |
| Wching Tech Ltd Co. Limited (“Wching HK”)     |     | — A Hong Kong company               
 — Incorporated on April 20, 2012    
 — Issued share capital of HK$10,000 |     | Wholly-owned by 
 Victory Hero    |     | Provision of tailor-made software solutions, cloud-based software-as-a-service (“SaaS”) services, and white-labelled software design and development servic |

The Reorganization In this prospectus, we refer to the following events as the “Reorganization.” As part of the Reorganization, on August 14, 2023, Victory Hero was incorporated under the laws of the BVI. On the date of its incorporation, one (1) ordinary share was allotted and issued to Wellchange Cayman, and Victory Hero became wholly owned by Wellchange Cayman.

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On August 23, 2023, Mr. Shek Kin Pong transferred (1) one Ordinary Share of Wellchange Cayman to Power Smart International Limited (“Power Smart”), which is wholly owned by Mr. Shek Kin Pong, for a consideration of $1.00, and Wellchange Cayman became wholly owned by Power Smart. On August 28, 2023, Wellchange Cayman entered into a reorganization agreement with Mr. Shek Kin Pong, Victory Hero, Wching HK, and Power Smart, pursuant to which Mr. Shek Kin Pong sold his entire equity interest in Wching HK to Victory Hero, in exchange for an allotment and issuance of 889 Ordinary Shares of Wellchange Cayman to Power Smart. After completing the Reorganization,