Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 97

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 97
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 disclosure is in accordance with any contract entered into by the Company; or |

| (d) | the                                                                                               
 directors are of the opinion such disclosure would assist or facilitate the Company’s operations. |

| 19. | Delegation 
 of powers  |

Power to delegate any of the directors’ powers to a committee

| 19.1 | The                                                                                                                                     
 directors may delegate any of their powers to any committee consisting of one or more persons who need not be Members (including,       
 without limitation, the Audit Committee, the Compensation Committee and the Nominating Committee). Persons on the committee may include 
 non-directors so long as the majority of those persons are directors.                                                                   |

| Annex C-38 |

| 19.2 | The                                                                                   
 delegation may be collateral with, or to the exclusion of, the directors’ own powers. |

| 19.3 | The                                                                                                                                      
 delegation may be on such terms as the directors think fit, including provision for the committee itself to delegate to a sub-committee; 
 save that any delegation must be capable of being revoked or altered by the directors at will.                                           |

| 19.4 | Unless                                                                                                                            
 otherwise permitted by the directors, a committee must follow the procedures prescribed for the taking of decisions by directors. |

| 19.5 | The                                                                                                                                       
 directors may adopt formal written charters for committees and, if so adopted, shall review and assess the adequacy of such formal        
 written charters on an annual basis. Each of these committees shall be empowered to do all things necessary to exercise the rights        
 of such committee set forth in the Articles and shall have such powers as the directors may delegate pursuant to the Articles and         
 as required by the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority        
 or otherwise under Applicable Law. Each of the Audit Committee, the Compensation Committee and the Nominating Committee, if established,  
 shall consist of such number of directors as the directors shall from time to time determine (or such minimum number as may be required   
 from time to time by the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority  
 or otherwise under Applicable Law). For so long as any class of Shares is listed on the Designated Stock Exchange, the Audit Committee,   
 the Compensation Committee and the Nominating and Corporate Governance Committee shall be made up of such number of Independent Directors 
 as is required from time to time by the