Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 106

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 106
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 the Original Shares rank for dividend while those Original Shares remain partly paid.                                 |

Applying an amount for the benefit of members

| 27.2 | The                                                                                                                              
 amount capitalised must be applied to the benefit of Members in the proportions to which the Members would have been entitled to 
 dividends if the amount capitalised had been distributed as a dividend.                                                          |

| 27.3 | Subject                                                                                                                             
 to the Act, if a fraction of a Share, a debenture, or other security is allocated to a Member, the directors may issue a fractional 
 certificate to that Member or pay him the cash equivalent of the fraction.                                                          |

| 28. | Share           
 premium account |

directors to maintain share premium account

| 28.1 | The                                                                                                                               
 directors shall establish a share premium account in accordance with the Act. They shall carry to the credit of that account from 
 time to time an amount equal to the amount or value of the premium paid on the issue of any Share or capital contributed or such  
 other amounts required by the Act.                                                                                                |

Debits to share premium account

| 28.2 | The                                                              
 following amounts shall be debited to any share premium account: |

| (a) | on                                                                                                                                  
 the redemption or purchase of a Share, the difference between the nominal value of that Share and the redemption or purchase price; 
 and                                                                                                                                 |

| (b) | any                                                                       
 other amount paid out of a share premium account as permitted by the Act. |

| 29. | Seal |

Company seal

| 29.1 | The                                                    
 Company may have a seal if the directors so determine. |

| Annex C-47 |

Duplicate seal

| 29.2 | Subject                                                                                                                               
 to the provisions of the Act, the Company may also have a duplicate seal or seals for use in any place or places outside the Islands. 
 Each duplicate seal shall be a facsimile of the original seal of the Company. However, if the directors so determine, a duplicate     
 seal shall have added on its face the name of the place where it is to be used.                                                       |

When and how seal is to be used

| 29.3 | A                                                                                                                                
 seal may only be used by the authority of the directors. Unless the directors otherwise determine, a document to which a seal is 
 affixed must be signed in one of the following ways:                                                                             |

| (a) | By                                                  
 a director (or his alternate) and