Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 105

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 105
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 or |

| (d) | conducting                                              
 any other business required pursuant to these Articles. |

The record date may be before or after the date on which a dividend, allotment or issue is declared, paid or made.

| Annex C-44 |

| 26. | Dividends |

Declaration of dividends by Members

| 26.1 | Subject                                                                                                                            
 to the provisions of the Act, the Company may by Ordinary Resolution declare dividends in accordance with the respective rights of 
 the Members but no dividend shall exceed the amount recommended by the directors.                                                  |

Payment of interim dividends and declaration of final dividends by directors

| 26.2 | The                                                                                                                                  
 directors may pay interim dividends or declare final dividends in accordance with the respective rights of the Members if it appears 
 to them that they are justified by the financial position of the Company and that such dividends may lawfully 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.