Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 87

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 10
Chunk 87
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 the time being conferred on the shareholders holding a particular class of shares, our shareholders may, by special resolution, reduce
our share capital or any capital redemption reserve in any way authorized by law.

Certain Cayman Islands Company Considerations

Exempted Company

We are an exempted company with limited liability
under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that
is incorporated in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted
company. The requirements for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges
listed below:

  an exempted company’s register of members is not open  

  an exempted company does not have to hold an annual general  

  an exempted company may obtain an undertaking against the  
  imposition of any future taxation;                         
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  an exempted company may register by way of continuation in       
  another jurisdiction and be deregistered in the Cayman Islands;  
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  an exempted company may register as a limited duration company;  
  and                                                              
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  an exempted company may register as a segregated portfolio  
  company.                                                    
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“ Limited liability” means that the
liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company. (except in exceptional
circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances
in which a court may be prepared to pierce or lift the corporate veil).

Differences in Corporate Law

The Companies Act is modeled after that of England
and Wales but does not follow recent statutory enactments in England. In addition, the Companies Act differs from laws applicable to United States
corporations and their shareholders. Set forth below is a summary of the significant differences between the provisions of the Companies
Act applicable to us and the laws applicable to companies incorporated in the State of Delaware.

This discussion does not purport to be a complete
statement of the rights of holders of our Ordinary Shares under applicable law in the Cayman Islands or the rights of holders of the common
stock of a typical corporation under applicable Delaware law.

Mergers and Similar Arrangements