Wellchange shares surge 16.76% premarket after appointing new CFO Gary Chan following leadership change.

Wellchange Holdings surged 16.76% in premarket trading following the announcement that it appointed an experienced chief financial officer after accepting Gary Chan’s resignation on February 1, 2026. The leadership change, highlighted in the summary, likely bolstered investor confidence in the company’s financial stewardship, offsetting prior concerns over Nasdaq compliance issues and delayed filings. While older news, such as public offerings and regulatory challenges, remain part of the company’s backdrop, the recent executive appointment appears to have driven the immediate premarket rally.