Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 102

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 15
Chunk 102
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, or that the degree of compliance with the policies or procedures may deteriorate.

Our management identified below material weaknesses
in the design and operation of our internal controls:

  The Company lacked the key                                                                                                                

  The Company lacked sufficient                                                                                                          

  The Company lacked sufficient                                                                                                          

To address the material weaknesses in internal
control over financial reporting of the Company, we have: (a) hired an experienced outside consultant with adequate experience with U. S
GAAP and the SEC reporting and compliance requirements; (b) continued our efforts to provide ongoing training courses in U. S GAAP to existing
personnel, including our Chief Financial Officer; (c) continued our efforts to setup the internal audit department, and enhance the effectiveness
of the internal control system; (d) continued our efforts to implement necessary review and controls at related levels and the submission
of all important documents and contracts to the office of our Chief Executive Officer for retention; and (e) continued our efforts to
strengthen the supervision and controls on the IT functions, including the enhancement of IT security policies and procedures setup, logical
security, data backup and cyber security training.

  (c)      Attestation Report of the Company’s Registered Public Accounting Firm  

This annual report on Form 20-F does not include
an attestation report of our registered public accounting firm because we qualified as an “emerging growth company” as defined
under the JOBS Act.

  (d)      Changes in Internal Control over Financial Reporting  
 ─────────────────────────────────────────────────────────────────

Other than those disclosed above, there were no
changes in our internal controls over financial reporting during our year ended December 31, 2024 that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.

ITEM 16. RESERVED