Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 108

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 108
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 or not those profits are available 
 for distribution); or                                                                                                       |

| (b) | any                                                                                                      
 sum standing to the credit of the Company’s share premium account or capital redemption reserve, if any. |

The amount resolved to be capitalised must be appropriated to the Members who would have been entitled to it had it been distributed by way of dividend and in the same proportions. The benefit to each Member so entitled must be given in either or both of the following ways:

| (a) | by                                                    
 paying up the amounts unpaid on that Member’s Shares; |

| (b) | by                                                                                                                                
 issuing Fully Paid Shares, debentures or other securities of the Company to that Member or as that Member directs. The directors  
 may resolve that any Shares issued to the Member in respect of partly paid Shares (Original Shares) rank for dividend only to the 
 extent that the Original Shares rank for dividend while those Original Shares remain partly paid.                                 |

Applying an amount for the benefit of members

| 27.2 | The                                                                                                                              
 amount capitalised must be applied to the benefit of Members in the proportions to which the Members would have been entitled to 
 dividends if the amount capitalised had been distributed as a dividend.                                                          |

| 27.3 | Subject                                                                                                                             
 to the Act, if a fraction of a Share, a debenture, or other security is allocated to a Member, the directors may issue a fractional 
 certificate to that Member or pay him the cash equivalent of the fraction.                                                          |

| 28. | Share           
 premium account |

directors to maintain share premium account

| 28.1 | The                                                                                                                               
 directors shall establish a share premium account in accordance with the Act. They shall carry to the credit of that account from 
 time to time an amount equal to the amount or value of the premium paid on the issue of any Share or capital contributed or such  
 other amounts required by the Act.                                                                                                |

Debits to share premium account

| 28.2 | The                                                              
 following amounts shall be debited to any share premium account: |

| (a) | on                                                                                                                                  
 the redemption or purchase of a Share, the difference between the nominal value of that Share and the redemption or purchase price; 
 and                                                                                                                                 |

| (b) | any                                                                       
 other amount paid out of a share premium account as permitted by the Act. |

| 29. | Seal |

Company seal

| 29.1 | The                                                    
 Company may have a