Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 77

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 77
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The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner authorised by the Act, including out of any combination of the following: capital, its profits and the proceeds of a fresh issue of Shares.

| 11.2 | With                                                          
 respect to redeeming, repurchasing or surrendering of Shares: |

| (a) | Members                                                                                                                      
 who hold Public Shares are entitled to request the redemption of such Shares in the circumstances described in Article 37.3; |

| (b) | Shares                                                                                                                             
 held by the Sponsor shall be surrendered by the Sponsor for no consideration to the extent that the Over-Allotment Option is not   
 exercised in full so that such shares will represent 20% of the Company’s issued Shares after the IPO (exclusive of any securities 
 purchased in a private placement simultaneously with the IPO); and                                                                 |

| (c) | Public                                                                                              
 Shares shall be repurchased by way of Tender Offer in the circumstances set out in Article 37.2(b). |

Power to pay for redemption or purchase in cash or in specie

| 11.3 | When                                                                                                                               
 making a payment in respect of the redemption or purchase of Shares, the directors may make the payment in cash or in specie (or   
 partly in one and partly in the other) if so authorised by the terms of the allotment of those Shares, or by the terms applying to 
 those Shares in accordance with Article 11.1, or otherwise by agreement with the Member holding those Shares.                      |

Effect of redemption or purchase of a Share

| 11.4 | Upon                                           
 the date of redemption or purchase of a Share: |

| (a) | the                                                                                                                         
 Member holding that Share shall cease to be entitled to any rights in respect of the Share other than the right to receive: |

| (i) | the                      
 price for the Share; and |

| (ii) | any                                                                                    
 dividend declared in respect of the Share prior to the date of redemption or purchase; |

| (b) | the                                                                                        
 Member’s name shall be removed from the Register of Members with respect to the Share; and |

| (c) | the                                                                                    
 Share shall be cancelled or held as a Treasury Shares, as the directors may determine. |

For the purpose of this Article, the date of redemption or purchase is the date when the redemption or purchase falls due.

| 11.5 | For