Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 23

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 23
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 18 of the Basic Law, national laws adopted by the PRC
shall not be applied in Hong Kong, except for those listed in Annex III to the Basic Law, such as the laws in relation to the
national flag, national anthem, and diplomatic privileges and immunities.

Overview

Our operations are subject to various laws and
regulations in Hong Kong where we operate. This section sets out a summary of certain aspects of Hong Kong laws and regulations
which are relevant to our Group’s operations and business.

Regulations Related to Business Registration

The Business Registration Ordinance (Chapter 310
of the Laws of Hong Kong) requires every person carrying on any business to make application to the Commissioner of Inland Revenue
in the prescribed manner for the registration of that business. The Commissioner of Inland Revenue must register each business for which
a business registration application is made and as soon as practicable after the prescribed business registration fee and levy are paid,
issue a business registration certificate or branch registration certificate for the relevant business or the relevant branch as the case
may be.

Regulations Related to Supply of Goods

The Sale of Goods Ordinance (Chapter 26 of
the Laws of Hong Kong) aims to codify the law relating to the sale of goods provides that:

  (a)      under section 15, where there is a contract for the                                                                

  (b)      under section 16, where a seller sells goods in the                                                                                          

  (c)      under section 17, where there is a contract for sale                                                                                

Where any right, duty or liability arises under
a contract of sale of goods by implication of law, it may (subject to the Control of Exemption Clauses Ordinance (Chapter 71 of
the Laws of Hong Kong)) be negatived or varied by express agreement, or by course of dealings between the parties, or by usage if
the usage is such as to bind both parties to the contract.

Regulations Related to Supply of Services

The Supply of Services (Implied Terms) Ordinance
(Chapter 457 of the Laws of Hong Kong) aims to consolidate and amend the law with respect to the terms to be implied in contracts
for the supply of services (including a contract for the supply of a service whether or not goods are also transferred or to be transferred,
or bailed or to be bailed by way of hire under the contract) provides that:

  (a)      under section 5, where the supplier is acting in the