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

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 20
---
to insignificant market size as compared to the regional and global SaaS digital business management system market.

Licenses, Certificates, and Approvals

Wching HK has obtained its business registration
certificate. Save for the business registration certificate, Wching HK is not required to obtain any licenses and approvals for carrying
out its businesses for the three fiscal years ended December 31, 2022, 2023 and 2024, and as of the date of this annual report.

Intellectual Property

Intellectual property rights are essential to
the success of our business. We rely on a combination of compiled computer code, secure storage, data encryption, copyright, trade secrets,
trademark, and other intellectual property laws, as well as through contractual restrictions, such as license agreements, confidentiality
and proprietary rights agreements with employees, contractors, business partners, and other contractual restrictions with third parties,
to establish and protect our proprietary rights. We have no pending claims of infringement or similar claims with third parties with respect
to our intellectual property. We periodically review our development efforts to assess the existence and patentability of new intellectual
property.

Domain Name

We were the registered owner of the two domain
names: (i) https://www. wchingtech. comand (ii) https://mrcloud. co/.

Trademarks

As of the date of this annual report, we have
registered the following two trademarks for MR. CLOUD under the jurisdiction of Hong Kong:

  Registrant                               Place of registration      Trademark      Trademark No.                     Registration Date  
  Wellchange Holdings Company Limited      Hong Kong                                                    306321933      August 14, 2023    
  Wellchange Holdings Company Limited      Hong Kong                                                    306321942      August 14, 2023    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

As of the date of this annual report, we have
not (i) received any intellectual property infringement-related complaints or claims against us; (ii) been notified of any infringement
of any intellectual property of any third party by us or of any of our intellectual property being infringed by any third party; and (iii) been
involved in any litigation in relation to claims of infringement of intellectual property.

Research and Development

The ability to maintain our competitive edge
depends in part on our ongoing research and development (“ R& D”) activities.
Our software development teams are responsible for products design, development, integration, and testing. Our