Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 103

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 103
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 be paid.               |

| 26.3 | Subject                                                                                                                            
 to the provisions of the Act, in relation to the distinction between interim dividends and final dividends, the following applies: |

| (a) | Upon                                                                                                                                    
 determination to pay a dividend or dividends described as interim by the directors in the dividend resolution, no debt shall be created 
 by the declaration until such time as payment is made.                                                                                  |

| (b) | Upon                                                                                                                                       
 declaration of a dividend or dividends described as final by the directors in the dividend resolution, a debt shall be created immediately 
 following the declaration, the due date to be the date the dividend is stated to be payable in the resolution.                             |

If the resolution fails to specify whether a dividend is final or interim, it shall be assumed to be interim.

| 26.4 | In                                                                                                                       
 relation to Shares carrying differing rights to dividends or rights to dividends at a fixed rate, the following applies: |

| (a) | If                                                                                                                                     
 the share capital is divided into different classes, the directors may pay dividends on Shares which confer deferred or non- preferred 
 rights with regard to dividends as well as on Shares which confer preferential rights with regard to dividends but no dividend shall   
 be paid on Shares carrying deferred or non-preferred rights if, at the time of payment, any preferential dividend is in arrears.       |

| (b) | The                                                                                                                                        
 directors may also pay, at intervals settled by them, any dividend payable at a fixed rate if it appears to them that there are sufficient 
 funds of the Company lawfully available for distribution to justify the payment.                                                           |

| (c) | If                                                                                                                                
 the directors act in good faith, they shall not incur any liability to the Members holding Shares conferring preferred rights for 
 any loss those Members may suffer by the lawful payment of the dividend on any Shares having deferred or non-preferred rights.    |

Apportionment of dividends

| 26.5 | Except                                                                                                                            
 as otherwise provided by the rights attached to Shares, all dividends shall be declared and paid according to the amounts paid up 
 on the Shares on which the dividend is paid. All dividends shall be apportioned and paid proportionately to the amount paid up on 
 the Shares during the time or part of the time in respect of which the dividend is paid. If a Share is issued on terms providing  
 that it shall rank for dividend as from a particular date, that Share shall rank for dividend accordingly.                        |

Right of