Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 120

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 120
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 offered   
 an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for both the Company and       
 the Investor Group, about which a director of the Company and/or Officer who is also an Investor Group Related Person acquires knowledge. |

| 39.4 | To                                                                                                                                   
 the extent a court might hold that the conduct of any activity related to a corporate opportunity that is renounced in this Article  
 to be a breach of duty to the Company or its Members, the Company hereby waives, to the fullest extent permitted by Applicable Law,  
 any and all claims and causes of action that the Company may have for such activities. To the fullest extent permitted by Applicable 
 Law, the provisions of this Article apply equally to activities conducted in the future and that have been conducted in the past.    |

| Annex C-57 |

<div align='center'>FROM OF PROXY CARD

EMBRACE CHANGE ACQUISITION CORP.
5186 Carroll Canyon Rd
San Diego, CA 92121

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF
EMBRACE CHANGE ACQUISITION CORP.</div>

The undersigned hereby appoints Jingyu Wang and Yuan Zheng as proxies (the “Proxies”), and each of them with full power to act without the other, each with the power to appoint a substitute, and hereby authorizes either of them to represent and to vote, as designated on the reverse side, all ordinary shares of Embrace Change Acquisition Corp. ( “Embrace Change”), held of record by the undersigned on July 22, 2025, at the Extraordinary General Meeting of Shareholders ( “Extraordinary General Meeting of Shareholders”) to be held on Monday, August 11, 2025, or any postponement or adjournment thereof. The Extraordinary General Meeting of Shareholders will be held at 10 a.m. Eastern Time, at the offices of Loeb & Loeb LLP, located at 345 Park Avenue, New York, New York 10154, and virtually at https://www.cstproxy.com/embracechange/2025. To register and receive access to the virtual meeting, shareholders of record and beneficial owners (those holding shares through a bank, broker or other nominee) will need to follow the instructions applicable to them provided in the proxy statement. Such shares shall be voted as indicated with respect to the