Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 23

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 23
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 interests do Embrace Change’s directors and officers have in the approval of the Extension Amendment Proposal and the Trust 
 Agreement Amendment Proposal?                                                                                               |

| A. | Embrace                                                                                                                           
 Change’s directors and officers have interests in the Extension Amendment Proposal and the Trust Agreement Amendment Proposal     
 that may be different from, or in addition to, your interests as a shareholder. These interests include, among others, ownership, 
 directly or indirectly through the Sponsor, of the securities of Embrace Change it owns. See the section entitled “Extraordinary  
 General Meeting of Embrace Change Shareholders — Interests of the Initial Shareholders” in this proxy statement.                  |

| Q. | Do                                                                                                                             
 I have appraisal rights or dissenters’ rights if I object to the Extension Amendment Proposal or the Trust Agreement Amendment 
 Proposal?                                                                                                                      |

| A. | No.                                                                                                                               
 There are no appraisal rights available to Embrace Change shareholders in connection with the Extension Amendment Proposal or the 
 Trust Agreement Amendment Proposal.                                                                                               |

| Q. | If                                                                                                                              
 I own a public warrant or a public right, can I exercise redemption rights with respect to my public warrants or public rights? |

| A. | No.                                                                                                                               
 The holders of public warrants and public rights issued in connection with the IPO have no redemption rights with respect to such 
 public warrants and public rights.                                                                                                |

| Q. | If                                                                             
 I am a unit holder, can I exercise redemption rights with respect to my units? |

| A. | No.                                                                                                                                       
 Holders of outstanding units must separate the underlying Public Shares, public warrants and public rights prior to exercising redemption 
 rights with respect to the Public Shares.                                                                                                 |

| 9 |

If you hold units registered in your own name, you must deliver the certificate for such units to the Trustee with written instructions to separate such units into Public Shares, public warrants and public rights. This must be completed far enough in advance to permit the mailing of the Public Share certificates back to you so that you may then exercise your redemption rights upon the separation of the Public Shares from the units. See “How do I exercise my redemption rights?”below. The address of the Trustee is listed under the question “Who can help answer my questions?”below.

If a broker, dealer, commercial bank, trust company or other nominee holds your units, you must instruct such nominee to separate your units. Your nominee must send written instructions by facsimile to the Trustee. Such written