Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 114

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 114
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addition, because the value of our assets for purposes of the asset test will generally be determined based on the market price of our
Class A Ordinary Shares and because cash is generally considered to be an asset held for the production of passive income, our PFIC status
will depend in large part on the market price of our Class A Ordinary Shares and the amount of cash we raise in this Offering. Accordingly,
fluctuations in the market price of the Class A Ordinary Shares may cause us to become a PFIC. In addition, the application of the
PFIC rules is subject to uncertainty in several respects and the composition of our income and assets will be affected by how, and how
quickly, we spend the cash we raise in this Offering. We are under no obligation to take steps to reduce the risk of our being classified
as a PFIC, and as stated above, the determination of the value of our assets will depend upon material facts (including the market price
of our Class A Ordinary Shares from time to time and the amount of cash we raise in this Offering) that may not be within our control.
If we are a PFIC for any year during which you hold the Class A Ordinary Shares, we will continue to be treated as a PFIC for all succeeding years
during which you hold Ordinary Shares. If we cease to be a PFIC and you did not previously make a timely “mark-to-market”
election as described below, you will continue to be treated as a PFIC, however, you may avoid some of the adverse effects of the PFIC
regime by making a “purging election” (as described below) with respect to the Class A Ordinary Shares.

If we are a PFIC for any taxable year during which
you hold our Class A Ordinary Shares, you will be subject to special tax rules with respect to any “excess distribution” that
you receive and any gain you realize from a sale or other disposition (including a pledge) of the Class A Ordinary Shares, unless you
make a “mark-to-market” election as discussed below. Distributions you receive in a taxable year that are greater than 125%
of the average annual distributions you received during the shorter of the three preceding taxable years or your holding period for
the Class A Ordinary Shares will be treated as an excess distribution. Under these special tax rules:

| ● | the excess distribution or gain will be allocated ratably over 
 your holding period for the Class A Ordinary Shares;           |

| ● | the