Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 96

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 96
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90%) of the issued shares entitled to vote are owned by the parent company.

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The consent of each holder of a fixed or floating
security interest over a constituent company is required unless this requirement is waived by a court in the Cayman Islands.

Save in certain circumstances, a dissenting shareholder
of a Cayman Islands constituent company is entitled to payment of the fair value of his shares upon dissenting to a merger or consolidation.
The exercise of appraisal rights will preclude the exercise of any other rights save for the right to seek relief on the grounds that
the merger or consolidation is void or unlawful.

Separate from the statutory provisions relating
to mergers and consolidations, the Companies Act also contains statutory provisions that facilitate the reconstruction and amalgamation
of companies by way of schemes of arrangement, provided that the arrangement is approved by (a) seventy-five percent (75%) in value of
the shareholders or class of shareholders, as the case may be, or (b) a majority in number of the creditors or each class of creditors,
as the case may be, with whom the arrangement is to be made, that are, in each case present and voting either in person or by proxy at
a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned by
the Grand Court of the Cayman Islands. While a dissenting shareholder has the right to express to the court the view that the transaction
ought not to be approved, the court can be expected to approve the arrangement if it determines that:

| ● | the statutory provisions as to the required majority vote 
 have been met;                                            |

| ● | the shareholders have been fairly represented at the meeting                                                                          
 in question and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of 
 the class;                                                                                                                            |

| ● | the arrangement is such that may be reasonably approved by                         
 an intelligent and honest man of that class acting in respect of his interest; and |

| ● | the arrangement is not one that would more properly be sanctioned 
 under some other provision of the Companies Act.                  |

The Companies Act also contains a statutory power
of compulsory acquisition which may facilitate the “squeeze out” of dissentient minority shareholder upon a tender offer.
When a tender offer is made and accepted by holders of ninety percent (90%) of the shares affected within four months, the offeror
may, within a two-month period commencing