Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 121

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 121
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 proposals listed on the reverse side hereof and in the Proxies’ discretion on such other matters as may properly come before the Extraordinary General Meeting of Shareholders, or any postponement or adjournment thereof.

The undersigned acknowledges receipt of the accompanying proxy statement and revokes all prior proxies for the Extraordinary Meeting of Shareholders.

THE SHARES REPRESENTED BY THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO SPECIFIC DIRECTION IS GIVEN AS TO THE PROPOSALS ON THE REVERSE SIDE, THIS PROXY WILL BE VOTED “FOR” EACH OF THE PROPOSALS PRESENTED TO THE SHAREHOLDERS. PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY.

<div align='center'>PLEASE DETACH ALONG PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.

THIS PROXY REVOKES ALL PRIOR PROXIES GIVEN BY THE UNDERSIGNED.

(Continued and to be marked, dated and signed on reverse side)

[White Card]</div>

<div align='center'>PROXY

THIS PROXY WILL BE VOTED AS DIRECTED. IF NO DIRECTIONS ARE GIVEN, THIS PROXY
WILL BE VOTED “FOR” PROPOSALS 1 THROUGH 3 BELOW. EMBRACE CHANGE’S BOARD OF
DIRECTORS RECOMMENDS A VOTE “FOR” EACH PROPOSAL.</div>

| (1) | Proposal                                                                                                                                
 No. 1 — The Extension Amendment Proposal — To approve, as a special resolution, an amendment to and restatement of                      
 Embrace Change’s Third Amended and Restated Memorandum of Association and Articles of Association (as may be amended from time          
 to time, together, the “Articles of Association”) as provided by the first resolution in the form set forth in                          
 Annex A to the accompanying proxy statement, to give the Company the right to extend the date by which Embrace Change must consummate   
 a business combination (the “Combination Period”) twelve (12) months, from August 12, 2025 (the “Termination                            
 Date”), to August 12, 2026 (the “Extended Date”) by deleting the Articles of Association in its entirety                                
 and adopting the fourth amended and restated memorandum and articles of association of the Company. A copy of the amendment is attached 
 to the proxy statement as Annex A. The