Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 122

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 122
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, and contrary to public policy. However, a separate legal action
for debt must be commenced in Hong Kong in order to recover such debt from the judgment debtor.

Cayman Islands

Ogier, our counsel as to the laws of the Cayman
Islands, has advised us that there is uncertainty as to whether the courts of the Cayman Islands would (i) recognize or enforce judgments
of U.S. courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities
laws of the United States or any state in the United States, or (ii) entertain original actions brought in the Cayman Islands
against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States.

Ogier has informed us that there is uncertainty
with regard to Cayman Islands law related to whether a judgment obtained from the U.S. courts under civil liability provisions of
U.S. securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If such a determination
is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman Islands company, such as our company.
As the courts of the Cayman Islands have yet to rule on making such a determination in relation to judgments obtained from U.S. courts
under civil liability provisions of U.S. securities laws, it is uncertain whether such judgments would be enforceable in the Cayman
Islands. Ogier has informed us that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal
or state courts of the United States (and the Cayman Islands is not a party to any treaties for the reciprocal enforcement or recognition
of such judgments), the courts of the Cayman Islands will, at common law, recognize and enforce a foreign monetary judgment of a foreign
court of competent jurisdiction without any re-examination of the merits of the underlying dispute based on the principle that a judgment
of a competent foreign court imposes upon the judgment debtor an obligation to pay the liquidated sum for which such judgment has been
given, provided such judgment (a) is given by a foreign court of competent jurisdiction, (b) imposes on the judgment debtor
a liability to pay a liquidated sum for which the judgment has been given, (c) is final, (d) is not in respect of taxes, a fine
or a penalty, (e) was not obtained by fraud and (