Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 67

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 67
---
b) | the                                                                                         
 relevant provisions of the Memorandum and Articles and the Act are otherwise complied with. |

Rights attaching toTreasury Shares and related matters

| 3.15 | No                                                                                                                            
 dividend may be declared or paid, and no other distribution (whether in cash or otherwise) of the Company’s assets (including 
 any distribution of assets to members on a winding up) may be made to the Company in respect of a Treasury Share.             |

| 3.16 | The                                                                                     
 Company shall be entered in the Register as the holder of the Treasury Shares. However: |

| (a) | the                                                                                                                              
 Company shall not be treated as a member for any purpose and shall not exercise any right in respect of the Treasury Shares, and 
 any purported exercise of such a right shall be void;                                                                            |

| (b) | a                                                                                                                                
 Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company and shall not be counted in determining 
 the total number of issued shares at any given time, whether for the purposes of these Articles or the Act.                      |

| 3.17 | Nothing                                                                                                                                
 in the preceding Article prevents an allotment of Shares as fully paid bonus shares in respect of a Treasury Share and Shares allotted 
 as fully paid bonus shares in respect of a Treasury Share shall be treated as Treasury Shares.                                         |

| 3.18 | Treasury                                                                                                                                   
 Shares may be disposed of by the Company in accordance with the Act and otherwise on such terms and conditions as the directors determine. |

| Annex C-17 |

| 4. | Register   
 of Members |

| 4.1 | The                                                                                                  
 Company shall maintain or cause to be maintained the Register of Members in accordance with the Act. |

| 4.2 | The                                                                                                                                       
 directors may determine that the Company shall maintain one or more branch registers of Members in accordance with the Act. The directors 
 may also determine which Register of Members shall constitute the principal register and which shall constitute the branch register       
 or registers, and to vary such determination from time to time.                                                                           |

| 5. | Share        
 certificates |

Issue of share certificates

| 5.1 | Upon                                                                                           
 being entered in the Register of Members as the holder of a Share, a Member shall be entitled: |

| (a) | without                                                                                                                         
 payment, to one certificate for all the Shares of each class held by that Member (and, upon transferring a part of the Member’s