Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 30

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4A
Chunk 30
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 adapt to our customers’ needs, deliver user-friendly software solutions and services and develop a comprehensive
portfolio of integrated solutions. Our ERP solutions, together with our proprietary software technology, are engineered to enable SMBs
of different business models, scales of operations, and needs, in their day-to-day business activities, to support back-office and
front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse
management, supply chain management, Customer Relationship Management (“ CRM”), professional services automation, project and
file management, human resources management, e-commerce, and marketing automation. Our portfolio of software and applications modules
also allows our customers and users to scale up and customize to meet specific business and operation needs.

For the fiscal years ended December 31, 2022, 2023
and 2024, our income from the operations was US$938,961, US$1,183,437 and US$2,309,218, respectively and the net income was US$780,648
and US$937,609 and the net loss was US$ 431,544, respectively.

Key Factors Affecting Our Results of Operations

We believe our future performance will depend
on many factors, including the following:

Continued growth of e-commerce globally

The market for SaaS solutions has been experiencing
a consistent and substantial increase in demand among SMBs. Factors such as cost-effectiveness, scalability, and streamlined operations
have contributed to the growing popularity of SaaS solutions. By leveraging cloud-based technologies, companies can access a wide range
of software applications and services without the need for extensive infrastructure investments.

As an enterprise software solution services provider
in Hong Kong, we are well-positioned to capitalize on this growing trend. We anticipate attracting a larger customer base and expanding
our platform as more enterprises recognize the benefits of adopting SaaS solutions. Our revenue model in MR. CLOUD, which is based
on subscription fees, is related to the growth of the demand among SMBs. As the demand for SaaS solutions continues to rise, driven by
the increasing need for efficient and cost-effective software services, we are confident in the sustained growth of our business.

Enhancing our software platform

We recognize the importance of continuously improving
our offerings to meet the evolving needs of our clients. In the second half of 2024, we plan to enhance our proprietary cloud-based SaaS
ERP software platform, MR. CLOUD. The development of new modules for MR.