Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 66

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 66
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 of Finance of the
PRC. The Protocol provides the PCAOB with (1) sole discretion to select the firms, audit engagements, and potential violations it inspects
and investigates, without any involvement of Chinese authorities; (2) procedures for PCAOB inspectors and investigators to view complete
audit work papers with all information included and for the PCAOB to retain information as needed; (3) direct access to interview and
take testimony from all personnel associated with the audits the PCAOB inspects or investigates.

On December 15, 2022, the PCAOB issued a new Determination
Report which: (1) vacated the December 16, 2021 Determination Report; and (2) concluded that the PCAOB has been able to conduct inspections
and investigations completely in the PRC in 2022. The December 15, 2022 Determination Report cautions, however, that authorities in the
PRC might take positions at any time that would prevent the PCAOB from continuing to inspect or investigate completely. As required by
the HFCAA, if in the future the PCAOB determines it can no longer inspect or investigate completely because of a position taken by an
authority in the PRC, the PCAOB will act expeditiously to consider whether it should issue a new determination.

Our previous auditor, WWC, P.C., the independent
registered public accounting firm that issued the audit report included elsewhere in this prospectus, as a firm headquartered in California
and registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess
our auditor’s compliance with the applicable professional standards with the last inspection in November 2021, and as of the date
of this prospectus, WWC, P.C. is not subject to and not affected by to the PCAOB’s December 2021 Determination Report. Our current
auditor, SR CPA & CO., is also an independent registered public accounting firm registered with the PCAOB and subject to PCAOB inspections
with the applicable professional standards. SR CPA & Co. has not undergone a PCAOB inspection as of the date of this prospectus. As
of the date of this prospectus, SR CPA & CO. is not subject to and not affected by to the PCAOB’s December 2021 Determination
Report. However, in the event it is later determined that the PCAOB is unable to inspect or investigate WWC, P.C. or SR CPA &