Revenue: As of FY2025 Q3, the actual value is USD 0.EPS: As of FY2025 Q3, the actual value is USD 0.01.EBIT: As of FY2025 Q3, the actual value is USD -554.13 K.<h3>Operational Metrics</h3><ul><li>Net Income (Loss): For the three months ended September 30, 2025, net income was $18,447, compared to $227,631 for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $169,811, compared to net income of $1,212,138 for the same period in 2024.</li><li>Operating Costs: For the three months ended September 30, 2025, operating costs were $267,843, compared to $350,840 for the same period in 2024. For the nine months ended September 30, 2025, operating costs were $998,347, compared to $478,567 for the same period in 2024.</li><li>Interest Expense: For the three months ended September 30, 2025, interest expense was $1,150, compared to $3,513 for the same period in 2024. For the nine months ended September 30, 2025, interest expense was $3,413, compared to $3,513 for the same period in 2024.</li><li>Investment Income: For the three months ended September 30, 2025, investment income was $287,440, compared to $581,984 for the same period in 2024. For the nine months ended September 30, 2025, investment income was $831,949, compared to $2,072,719 for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: For the nine months ended September 30, 2025, net cash used in operating activities was - $411,554, compared to - $407,780 for the same period in 2024.</li><li>Investing Cash Flow: For the nine months ended September 30, 2025, net cash used in investing activities was - $550,000, compared to $32,521,263 for the same period in 2024.</li><li>Financing Cash Flow: For the nine months ended September 30, 2025, net cash provided by financing activities was $900,000, compared to - $32,105,738 for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Cash and Investments Held in Trust Account: As of September 30, 2025, the estimated fair value of cash and investments held in trust account was $27,469,158, compared to $26,087,209 as of December 31, 2024.</li><li>Due to Third Party: As of September 30, 2025, the amount due to third party was $1,675,000, compared to $775,000 as of December 31, 2024. Subsequent to September 30, 2025, the company received an additional $275,000 from Tianji and its subsidiaries, resulting in an aggregated amount of $1,950,000 due to third party.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company expects to incur significant costs in pursuit of its financing and acquisition plans. If unsuccessful in consummating an Initial Business Combination by August 12, 2026, the company may need to cease operations, redeem Public Shares, and liquidate, raising substantial doubt about its ability to continue as a going concern.</li><li>Non-Core Business: The company has entered into a merger agreement with Tianji Tire Global (Cayman) Limited, involving the issuance of 45,000,000 ordinary shares valued at $450,000,000.</li><li>Priority: The company has received multiple tranches of funding from Tianji and its subsidiaries for working capital and extension deposits, focusing on maintaining liquidity and extending the combination period.</li></ul>

EMBRACE CHANGE ACQUISITION CORP UNIT 1 COM & 1 WT EXP & 1 RT(17/03/2027) | 10-Q: FY2025 Q3 Revenue: USD 0