Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 123

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 123
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f) is not of a kind the enforcement of which is contrary to natural justice or the
public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public policy). However,
the Cayman Islands courts are unlikely to enforce a judgment obtained from the U.S. courts under civil liability provisions of the
U.S. federal securities law if such judgment is determined by the courts of the Cayman Islands to give rise to obligations to make
payments that are penal or punitive in nature. A Cayman Islands court may stay enforcement proceedings if concurrent proceedings are being
brought elsewhere.

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British Virgin Islands

The courts of the British Virgin Islands will
not necessarily enter judgments in original actions brought in those courts predicated on U.S. federal or state securities laws.
Additionally, there is no statutory enforcement in the British Virgin Islands of judgments obtained in the United States, however,
the courts of the British Virgin Islands will in certain circumstances recognize such a foreign judgment and treat it as a cause of action
in itself which may be sued upon as a debt at common law so that no retrial of the issues would be necessary provided that:

| ● | the U.S. court issuing the judgment had jurisdiction                                                                                 
 in the matter and the company either submitted to such jurisdiction or was resident or carrying on business within such jurisdiction 
 and was duly served with process;                                                                                                    |

| ● | is final and for a liquidated sum; |

| ● | the judgment given by the U.S. court was not in respect                             
 of penalties, taxes, fines or similar fiscal or revenue obligations of the company; |

| ● | in obtaining judgment there was no fraud on the part of the           
 person in whose favor judgment was given or on the part of the court; |

| ● | recognition or enforcement of the judgment in the British  
 Virgin Islands would not be contrary to public policy; and |

| ● | the proceedings pursuant to which judgment was obtained were 
 not contrary to natural justice.                             |

In appropriate circumstances, the British Virgin
Islands Court may give effect in the British Virgin Islands to other kinds of final foreign judgments such as declaratory orders, orders
for performance of contracts and injunctions.

We expect that in the event of a voluntary liquidation
of the company, after payment of the liquidation costs and any sums then due to creditors, that the liquidator would distribute our remaining
assets on a pari passu basis.

Under British Virgin Islands