Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 65

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 65
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, 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 & CO.
completely because of a position taken by an authority in a foreign jurisdiction, such as the PRC authorities, then such lack of inspection
could cause trading in the Company’s securities to be prohibited under the HFCAA, and ultimately result in a determination by a
securities exchange to delist the Company’s securities.

The SEC may propose additional rules or guidance
that could impact us if our auditor is not subject to PCAOB inspection. For example, on August 6, 2020, the President’s Working
Group on Financial Markets, or the PWG, issued the Report on Protecting United States Investors from Significant Risks from Chinese Companies
to the then President of the United States. This report recommended the SEC implement five recommendations to address companies from jurisdictions
that do not provide the PCAOB with sufficient access to fulfill its statutory mandate. Some of the concepts of these recommendations were
implemented with the enactment of the HFCAA. However, some of the recommendations were more stringent than the HFCAA. For example, if
a company’s auditor was not subject to PCAOB inspection, the report recommended that the transition period before a company would
be delisted would end on January 1, 2022. The SEC has announced that the SEC staff is preparing a consolidated proposal for the rules
regarding the implementation of the HFCAA and to address the recommendations in the PWG report. It is unclear when the SEC will complete
its rulemaking