Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 98

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 13
Chunk 98
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 more of
our Class A ordinary shares, or our affiliates.

Secondary Public Offering

The following “ Use of Proceeds” information
relates to the registration statement on Form F-1, as amended (File Number 333-284034), which was declared effective by the SEC on January
14, 2025, in relation to the public offering of 25,000,000 Ordinary Shares at a public offering price of $0.40 per Ordinary Share. The
public offering closed on January 17, 2025. Revere Securities LLC acted as exclusive placement agent in connection with the offering.

The total expenses incurred for our company’s
account in connection with the offering were $955,000.

After deducting the total expenses, we received
net proceeds of approximately $9,045,000. As of the date of this annual report, we have used US$448,560.

ITEM 15. CONTROLS AND PROCEDURES