<span item_type="fundamental" item_id="59999a919987a7cb1ff68d730eeface2" counter_id="ST/US/EMCGW" env="prod"></span><span item_type="announcement" item_id="551254160150436737" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.04.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not generated any operating revenues as of June 30, 2025, as it is a blank check company focused on identifying a business combination target.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>For the three months ended June 30, 2025, the company reported a net loss of $98,634, compared to a net income of $677,230 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>For the six months ended June 30, 2025, the company reported a net loss of $188,258, compared to a net income of $984,507 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>Operating costs for the three months ended June 30, 2025, were $374,642, compared to $77,927 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>Operating costs for the six months ended June 30, 2025, were $730,504, compared to $127,727 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the six months ended June 30, 2025, was - $316,516, compared to - $241,301 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>Net cash used in investing activities for the six months ended June 30, 2025, was - $150,000, compared to - $300,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>Net cash provided by financing activities for the six months ended June 30, 2025, was $400,000, compared to $540,525 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Investment income earned on cash and investments held in the Trust Account for the three months ended June 30, 2025, was $277,146, compared to $755,157 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li>Investment income for the six months ended June 30, 2025, was $544,509, compared to $1,490,735 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is focused on completing a business combination by August 12, 2026, and has extended the Combination Period multiple times to facilitate this goal.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a merger agreement with Tianji Tire Global (Cayman) Limited, which involves a series of mergers to form a publicly traded company.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li><li><strong>Priority</strong>: The company is obligated to deposit $275,000 into the Trust Account as part of its extension strategy, which has not yet been completed as of the report date.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1869601/000164117225024827/form10-q.htm"></span></li></ul>

EMBRACE CHANGE ACQUISITION CORP C/WTS 25/10/2026 (TO PUR COM) | 10-Q: FY2025 Q2 EPS: USD -0.04