Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 83

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 10
Chunk 83
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 carried out as between the members
or different classes of members and the members within each class. The liquidator may, with the like sanction, vest any part of the assets
in trustees upon such trusts for the benefit of members as the liquidator thinks fit, but so that no member shall be compelled to accept
any shares or other property upon which there is a liability.

Calls on Ordinary Shares and Forfeiture
of Ordinary Shares

Subject to our Memorandum and Articles of Association
and to the terms of allotment, our board of directors may, from time to time, make such calls as it thinks fit upon the members in respect
of any monies unpaid on the shares held by them respectively, and each shareholder shall (subject to receiving at least fourteen calendar
days’ notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on
such shares. A call shall be deemed to have been made at the time when the resolution of the directors authorizing such call was passed.
A call may be made payable either in one sum or by instalments. If the sum payable in respect of any call or instalment is not paid on
or before the day appointed for payment thereof, the person or persons from whom the sum is due shall pay interest on the same at
such rate of 8% per annum from the day appointed for payment to the time of actual payment, but our board of directors may waive
payment of such interest wholly or in part. Our board of directors may, if it thinks fit, receive from any member willing to advance the
same, either in money or money’s worth, all or any part of the money uncalled and unpaid or instalments payable upon any shares
held by him, and in respect of all or any of the monies so advanced our Company may pay interest at such rate (if any) not exceeding without
the sanction of an ordinary resolution 8% per annum as our board of directors may decide.

If a member fails to pay any call or instalment
of a call on the day appointed for payment, our board of directors may, at any time thereafter during such time as any part of such
call or instalment remains unpaid, serve a notice on the member requiring payment of so much of the call or instalment as is unpaid, together
with any interest which may have accrued. The notice shall name a further day (not earlier than the expiration of 14 calendar
days from the date of