Embrace Change Acquisition Corp.

Embrace Change Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company on March 3, 2021. As an exempted company, it is designed to conduct business outside the Cayman Islands and has received a tax exemption undertaking from the Cayman Islands government for a period of 20 years from the date of the undertaking. This exemption means that no Cayman Islands law imposing taxes on profits, income, gains, or appreciations will apply to the company or its operations during this period. Additionally, no tax of this nature, or in the nature of estate duty or inheritance tax, will be payable on its shares, debentures, or other obligations, or by way of withholding on dividends or other distributions to shareholders, or payments of principal or interest on its debentures or other obligations. The company was formed with the specific purpose of engaging in a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. Its search for a prospective target business is not limited to a particular industry or geographic location.