Wellchange Seeks Shareholder Approval for Major Capital Restructuring and Class B Voting Power Boost

Wellchange Holdings Company Limited ( (WCT) ) has issued an update.

Wellchange Holdings Company Limited has called separate meetings of its Class A and Class B ordinary shareholders, alongside its annual general meeting, to be held in Hong Kong on July 6, 2026, to vote on a sweeping set of capital and governance changes. The company has reset the proxy voting deadline to July 2, 2026, superseding materials furnished on June 11, 2026, signaling an effort to ensure shareholders have updated documentation ahead of the closely linked votes.

Shareholders are being asked to approve a reduction in par value followed by a large increase in authorized share capital, a substantial enhancement of the voting power of Class B shares from 35 to 100 votes per share, the adoption of a fifth amended and restated memorandum and articles of association, and a potential 1‑for‑400 consolidation of Class A shares. If approved, the package would significantly entrench Class B holders’ control and give the board broad flexibility over the capital structure, with material implications for governance dynamics and the rights of Class A investors.