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Wellchange (WCT) reshapes board and key committees after removing two directors

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Wellchange Holdings Company Limited removed independent directors Mr. Wang Yiyun and Mr. Liu Jun from its board, effective June 9, 2026. Both also left all board committees. The company then appointed Mr. Lau Yun Chau and Mr. Lau Chun as independent directors effective June 10, 2026.

After these changes, the board has six members, including four independent directors, so it remains majority independent. The Audit, Compensation, and Nominating and Corporate Governance Committees were fully reconstituted, with Ms. Chung Hiu Tung, Mr. Lau Chun, and Mr. Lau Yun Chau taking chair roles across the three committees.

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Insights

Board remains majority independent despite removal of two directors.

Wellchange removed two independent directors, including the Compensation Committee chair, and immediately replaced them with two new independent directors. The board now has six members, four of whom are independent, and all three key committees—Audit, Compensation, and Nominating and Corporate Governance—have been reconstituted.

This keeps a majority of independent oversight in place and preserves standard committee structures, which are important for financial reporting, executive pay, and nomination processes. The filing does not state reasons for the removals, so the main takeaway from the disclosed information is a rapid reshuffling with continuity of formal governance structures.

Director removal date June 9, 2026 Effective date of removal of Mr. Wang Yiyun and Mr. Liu Jun
New director effective date June 10, 2026 Effective date of appointment of Mr. Lau Yun Chau and Mr. Lau Chun
Board size 6 directors Board composition after June 2026 changes
Independent directors 4 independent directors Number of independent directors after reconstitution
Audit Committee members 3 members Audit Committee now includes Chung Hiu Tung, Lau Yun Chau, Lau Chun
Compensation Committee members 3 members Compensation Committee chaired by Lau Chun with two other members
Nominating Committee members 3 members Nominating and Corporate Governance Committee has three members
independent director financial
"Each of Mr. Shi Zhu, Ms. Chung Hiu Tung, Mr. Lau Yun Chau and Mr. Lau Chun is an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Audit Committee financial
"The Audit Committee comprises Ms. Chung Hiu Tung (Chair), Mr. Lau Yun Chau and Mr. Lau Chun."
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Compensation Committee financial
"The Compensation Committee comprises Mr. Lau Chun (Chair), Ms. Chung Hiu Tung and Mr. Lau Yun Chau."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Nominating and Corporate Governance Committee financial
"The Nominating and Corporate Governance Committee comprises Mr. Lau Yun Chau (Chair), Ms. Chung Hiu Tung and Mr. Lau Chun."
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
majority of independent directors financial
"the Board continues to be composed of a majority of independent directors."
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-42294

 

Wellchange Holdings Company Limited

(Translation of registrant’s name into English)

 

Unit 7 On 25th Floor Global Gateway Tower, No.63 Wing Hong Street,

Kowloon, Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

 

Removal of Independent Directors

 

On June 9, 2026, the board of directors (the “Board”) of Wellchange Holdings Company Limited (the “Company”) resolved to remove Mr. Wang Yiyun and Mr. Liu Jun as directors of the Company, effective June 9, 2026.

 

Prior to his removal, Mr. Wang Yiyun served as Chair of the Compensation Committee and as a member of the Audit Committee and the Nominating and Corporate Governance Committee, and Mr. Liu Jun served as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee. Following their removal, neither Mr. Wang Yiyun nor Mr. Liu Jun serves as a member of the Board or on any committee of the Board.

 

Composition of the Board and Committees

 

Following the removals described above and the appointment of Mr. Lau Yun Chau and Mr. Lau Chun as independent directors (effective June 10, 2026), the Board consists of the following six directors: Mr. Shek Kin Pong (Chairman and Chief Executive Officer), Mr. Tang Chi Hin (Executive Director), Mr. Shi Zhu, Ms. Chung Hiu Tung, Mr. Lau Yun Chau and Mr. Lau Chun. Each of Mr. Shi Zhu, Ms. Chung Hiu Tung, Mr. Lau Yun Chau and Mr. Lau Chun is an independent director, and the Board continues to be composed of a majority of independent directors.

 

The committees of the Board, as reconstituted following the foregoing changes, are composed as follows. The Audit Committee comprises Ms. Chung Hiu Tung (Chair), Mr. Lau Yun Chau and Mr. Lau Chun. The Compensation Committee comprises Mr. Lau Chun (Chair), Ms. Chung Hiu Tung and Mr. Lau Yun Chau. The Nominating and Corporate Governance Committee comprises Mr. Lau Yun Chau (Chair), Ms. Chung Hiu Tung and Mr. Lau Chun. Mr. Lau Chun has assumed the committee positions previously held by Mr. Wang Yiyun, including the chair of the Compensation Committee, and Mr. Lau Yun Chau has assumed the committee positions previously held by Mr. Liu Jun.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Wellchange Holdings Company Limited
     
Date: June 16, 2026 By: /s/ Shek Kin Pong
  Name:  Shek Kin Pong
  Title: Chief Executive Officer

 

 

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FAQ

What board changes did Wellchange (WCT) disclose in this 6-K?

Wellchange removed independent directors Wang Yiyun and Liu Jun on June 9, 2026, then appointed Lau Yun Chau and Lau Chun as new independent directors effective June 10, 2026. Committee memberships were updated accordingly.

Does Wellchange (WCT) still have a majority of independent directors?

Yes. After the changes, the board has six members, with four—Shi Zhu, Chung Hiu Tung, Lau Yun Chau, and Lau Chun—serving as independent directors. This means independent directors continue to form a majority of the board.

How were Wellchange’s (WCT) board committees reconstituted?

The Audit Committee now includes Chung Hiu Tung (Chair), Lau Yun Chau, and Lau Chun. The Compensation Committee is chaired by Lau Chun, and the Nominating and Corporate Governance Committee is chaired by Lau Yun Chau, each with three members.

Who assumed the prior committee roles of the removed Wellchange (WCT) directors?

According to the disclosure, Lau Chun has taken over the committee positions previously held by Wang Yiyun, including chairing the Compensation Committee. Lau Yun Chau assumed the committee positions previously held by Liu Jun across the Audit and Nominating and Corporate Governance Committees.

Who currently leads Wellchange (WCT) and chairs the board?

The board is led by Shek Kin Pong, who serves as both Chairman and Chief Executive Officer. He is joined by one other executive director, Tang Chi Hin, along with four independent directors following the June 2026 changes.