Wellchange Holdings ^{Filed Terms, Nasdaq: WCT}

We are an enterprise software solution services provider headquartered in Hong Kong. We conduct operations through our Operating Subsidiary in Hong Kong, Wching HK. We provide customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and “white-label” software design and development services. Our mission is to empower our customers and users, in particular, small and medium-sized businesses (“SMBs,” as defined below), to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning (“ERP”) software solutions. In Hong Kong, SMBs refer to manufacturing companies with less than 100 employees and non-manufacturing companies with less than 50 employees. Our business has experienced significant growth. We had 48 and 83 customers for the years ended December 31, 2021 and 2022, respectively. Our total revenues increased by approximately US$999,507 or 148.8% to approximately US$1,671,117 for the year ended December 31, 2022 from approximately US$671,610 for the year ended December 31, 2021.