Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 69

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 69
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 Kong that may adversely affect either our existing customers’ ability or willingness to renew their 
 subscription, purchase additional subscriptions or upgrade their service, delay a prospective customer’s purchasing decision, or  
 reduce the value of new subscription;                                                                                             |

| ● | actual or anticipated fluctuations                                             
 in our results of operations and changes or revisions of our expected results; |

| ● | fluctuations of exchange rates                         
 among Hong Kong dollar, Renminbi, and the U.S. dollar; |

| ● | changes in financial estimates   
 by securities research analysts; |

| ● | detrimental negative publicity                                                                                                           
 about us, our services, our officers, directors, controlling shareholder, other beneficial owners, professional parties we partner with, 
 or our industry;                                                                                                                         |

| ● | announcements by us or our                                                                                                            
 competitors of new service offerings, acquisitions, strategic relationships, joint ventures, capital raisings or capital commitments; |

| ● | additions to or departures 
 of our senior management;  |

| ● | litigation or regulatory proceedings                               
 involving us, our officers, directors, or controlling shareholder; |

| ● | release or expiry of lock-up                                                   
 or other transfer restrictions on our outstanding Class A Ordinary Shares; and |

| ● | sales or perceived potential                 
 sales of additional Class A Ordinary Shares. |

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Many of these factors are outside of our control,
and any of these factors may result in large and sudden changes in the volume and price at which our Class A Ordinary Shares will trade.

Recently, there have been instances of extreme
stock price run-ups followed by rapid price declines and strong stock price volatility with a number of recent initial public offerings,
especially among companies with relatively smaller public floats. As a small-capitalization company with a small public float, we may
experience greater stock price volatility, extreme price run-ups, lower trading volume and less liquidity than large-capitalization companies.
In particular, our Class A Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trades and large spreads
in bid and ask prices. Such volatility, including any stock-run up, may be unrelated to our actual or expected operating performance,
financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Class A Ordinary
Shares.

In addition, if the trading volumes of our Class
A Ordinary Shares are low, persons buying or selling in relatively small quantities may easily influence prices of our Class A Ordinary
Shares. This low volume of trades could also cause the price of