Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 51

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 51
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 uncertainties could limit
the legal protections available to us, including the ability to enforce agreements with the customers.

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If the PRC government chooses to extend the oversight and control over offerings that are conducted overseas and/or foreign investment in Mainland China-based issuers to Hong Kong-based issuers, such action may significantly limit or completely hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline or be worthless.

Recent statements, laws and regulations by the
PRC government, including the Measures for Cybersecurity Review (2021), the PRC Personal Information Protection Law and the Trial Administrative
Measures published by CSRC on February 17, 2023, which took effect on March 31, 2023, also have indicated an intent to exert
more oversight and control over offerings that are conducted overseas and/or foreign investments in Mainland China-based issuers. It remains
uncertain as to the enactment, interpretation and implementation of regulatory requirements related to overseas securities offering and
other capital markets activities and due to the possibility that laws, regulations, or policies in the PRC could change rapidly in the
future.

It remains uncertain whether the PRC government
will adopt additional requirements or extend the existing requirements to apply to our Operating Subsidiary located in Hong Kong.
It is also uncertain whether the Hong Kong government will be mandated by the PRC government, despite the constitutional constraints
of the Basic Law, to control offerings conducted overseas and/or foreign investment of entities in Hong Kong, including our Operating
Subsidiary. Any actions by the PRC government to exert more oversight and control over offerings (including of businesses whose primary
operations are in Hong Kong) that are conducted overseas and/or foreign investments in Hong Kong-based issuers could significantly
limit or completely hinder our ability to offer or continue to offer securities to investors. If there is a significant change to current
political arrangements between Mainland China and Hong Kong, or the applicable laws, regulations, or interpretations change, and,
in such event, if we are required to obtain such approvals in the future, and we do not receive or maintain the approvals or is denied
permission from Mainland China or Hong Kong authorities, we will not be able to continue to list our Class A Ordinary Shares on a
U.S. exchange, or continue to offer securities to investors, which would materially affect the interests of the investors and cause
significant the value of our