Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 4

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 4
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 US$1                                                                                                                                                                                                             
  Wching Tech Ltd Co. Limited (“ Wching HK”)          — A Hong Kong company                    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 services  
                                                      — Incorporated on April 20, 2012                                                                                                                                                                                                           
                                                      — Issued share capital of HK$10,000                                                                                                                                                                                                        
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Initial Public Offering

On October 3, 2024, the Company completed
its initial public offering of 1,100,000 Ordinary Shares at the public offering price of US$4.00 per Ordinary Share on Nasdaq, as
a result of which the Company had 21,100,000 Ordinary Shares issued and outstanding. In connection with the closing of the initial
public offering, the Company also issued to Dominari Securities LLC, the representative of the underwriters in the initial public offering,
warrants to purchase up to 38,500 Ordinary Shares.

Over-allotment Option Exercise

Subsequent to the initial public offering, on
October 15, 2024, the representative of the underwriters in the Company’s initial public offering, Dominari Securities LLC,
fully exercised its over-allotment option to purchase an additional 165,000 Ordinary Shares. In connection with the over-allotment option
exercise, on October 17, 2024, the Company issued Dominari Securities LLC warrants to purchase up to 5,775 Ordinary Shares.

Secondary Public Offering

On January 17, 2025, the Company completed its
secondary public offering of 25,000,000 Ordinary Shares at a public offering price of $0.40 per Ordinary Share, as a result of which the
Company had 46,265,000 Ordinary Shares issued and outstanding.

Corporate Information

Our principal executive office is located at Unit
E, 11/F, Billion Plaza II, 10 Cheung Yue Street, Cheung Sha Wan, Kowloon, Hong Kong. Our telephone number at this address is
+852 9815 6458. Our registered office in the Cayman Islands is located at the offices of Ogier Global (Cayman) Limited, 89 Nexus Way,
Camana Bay, Grand Cayman, KY1-900