Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 17

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 17
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 additional capital may reduce the value of our Class A Ordinary Shares. See “ Risk Factors —Risks Related to our Business and Industry — We may require additional financing to support our future capital requirements. Our ability to timely raise capital in the future may be limited, or may be unavailable on acceptable terms, if at all. Our failure to raise capital when needed could harm our business, operating results and financial condition. Debt or equity issued to raise additional capital may reduce the value of our Class A Ordinary Shares”on page 15. Risks Related to Doing Business in Hong Kong

| ● | All of our operations are in Hong Kong. However, due                                                                                            
 to the long-arm application of the current PRC laws and regulations, the PRC government may exercise significant direct oversight and           
 discretion over the conduct of our business and may intervene or influence our operations, which could result in a material change in           
 our operations and/or the value of our Class A Ordinary Shares. Our Operating Subsidiary in Hong Kong may be subject to the laws                
 and regulations of Mainland China, which may impact our ability to operate profitably and result in a material negative impact on our           
 operations and/or the value of our Class A Ordinary Shares. Furthermore, the changes in the policies, laws, regulations, rules, and enforcement 
 of laws of Mainland China may also occur quickly with little advance notice and our assertions and beliefs of the risk imposed by the           
 Mainland China legal and regulatory system cannot be certain. See “Risk Factors —Risks Related to Doing Business                                
 in Hong Kong — All of our operations are in Hong Kong. However, due to the long-arm application of the current PRC laws                         
 and regulations, the PRC government may exercise significant direct oversight and discretion over the conduct of our business and may           
 intervene or influence our operations, which could result in a material change in our operations and/or the value of our Class A Ordinary       
 Shares. Our Operating Subsidiary in Hong Kong may be subject to the laws and regulations of Mainland China, which may impact our ability        
 to operate profitably and result in a material negative impact on our operations and/or the value of our Class A Ordinary Shares. Furthermore,  
 the changes in the policies, laws, regulations, rules, and enforcement of laws of Mainland China may also occur quickly with little advance     
 notice and our assertions and beliefs of the risk imposed by the Mainland China legal and regulatory system cannot be certain”                  
 on page 16.                                                                                                                                     |

| ●