Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 59

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 59
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 Trust Companies Act (Revised); or    |
| (b) | insurance                                                                                                                          
 business from within the Cayman Islands or the business of an insurance manager, agent, sub-agent or broker without being licensed 
 in that behalf under the Insurance Act (Revised);or                                                                                |
| (c) | the                                                                                                                                
 business of company management without being licensed in that behalf under the Companies Management Act (Revised).                 |

| 6 | The                                                                                                                                  
 Company will not trade in the Cayman Islands with any person, firm or corporation except in furtherance of its business carried on   
 outside the Cayman Islands. Despite this, the Company may effect and conclude contracts in the Cayman Islands and exercise in the    
 Cayman Islands any of its powers necessary for the carrying on of its business outside the Cayman Islands.                           |
| 7 | The                                                                                                                                  
 Company is a company limited by shares and accordingly the liability of each member is limited to the amount (if any) unpaid on that 
 member’s shares.                                                                                                                     |

| Annex C-3 |

| 8 | The                                                                                                                                      
 share capital of the Company is US$50,000 divided into 500,000,000 ordinary shares of par value US$0.0001 each. Subject to the Companies 
 Act (Revised) and the Company’s articles of association, the Company has power to do any one or more of the following                    |

| (a) | to                                                                                
 redeem or repurchase any of its shares; and                                       |
| (b) | to                                                                                
 increase or reduce its capital; and                                               |
| (c) | to                                                                                
 issue any part of its capital (whether original, redeemed, increased or reduced): |

| (i)  | with                                                                                             
 or without any preferential, deferred, qualified or special rights, privileges or conditions; or |
| (ii) | subject                                                                                          
 to any limitations or restrictions                                                               |

and unless the condition of issue expressly declares otherwise, every issue of shares (whether declared to be ordinary, preference or otherwise) is subject to this power; or

| (d) | to                                                                              
 alter any of those rights, privileges, conditions, limitations or restrictions. |

| 9 | The                                                                                                                                   
 Company has power to register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction outside 
 the Cayman Islands and to be deregistered in the Cayman Islands.                                                                      |

| Annex C-4 |

<div align='center'>COMPAN