Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 34

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 34
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 Wching HK became indirectly wholly owned Wellchange Cayman, through the intermediate holding company, Victory Hero. Pre-IPO Investment On August 30, 2023, pursuant to a subscription agreement, Wellchange Cayman allotted and issued to Ocean Serene Holdings Limited (“Ocean Serene”), Paramount Fortune Capital Limited (“Paramount Fortune”), and Prestige Leader Success Limited (“Prestige Leader”), respectively:

| (i) | 45 Ordinary Shares to Ocean Serene, representing 4.5%                                                  
 of the total issued share capital of Wellchange Cayman, for a consideration of HK$777,273 (US$99,724); |

| (ii) | 35 Ordinary Shares to Paramount Fortune, representing                                                           
 3.5% of the total issued share capital of Wellchange Cayman, for a consideration of HK$604,545 (US$77,563); and |

| (iii) | 30 Ordinary Shares to Prestige Leader, representing                                                         
 3.0% of the total issued share capital of Wellchange Cayman, for a consideration of HK$518,182 (US$66,483). |

The allotment and issuance of the respective Ordinary Shares were completed on August 30, 2023. Forward Split of our Ordinary Shares On January 26, 2024, we undertook a 4,000-for-1 forward split of our ordinary shares approved by our existing shareholders and board of directors. As a result, our authorized share capital is US$50,000 divided into 200,000,000 Ordinary Shares, par value US$0.00025, and the ordinary shares issued and outstanding increased from 1,000 to 4,000,000. Wellchange Cayman was 89% (representing 3,560,000 ordinary shares issued and outstanding) owned by Power Smart, 4.5% (representing 180,000 Ordinary Shares issued and outstanding) owned by Ocean Serene, 3.5% (representing 140,000 Ordinary Shares issued and outstanding) owned by Paramount Fortune, and 3.0% (representing 120,000 Ordinary Shares of the issued and outstanding) owned by Prestige Leader, respectively. On February 8, 2024, the Company undertook a 5-for-1 forward split of our ordinary shares, approved by our existing shareholders and board of directors. As a result, the Company’s authorized share capital is US$50,000 divided into 1