Embrace Change Acquisition Corp. announced on December 1, 2022, Gregory De Richemont, an independent director of the company, resigned as an independent director of the company. Mr. De Richemont's resignation was not the result of any dispute or disagreement with the company or the company's board of directors on any matter relating to the company's operations, policies or practices.

The company's board of Directors appointed Mr. Mo Zhou to serve as the company's Class II director, effective December 1, 2022. Mo Zhou, 34, has been serving as the Chief Operating Officer of Destone Acquisition Corp. and the Chief Risk Officer of Destone Holdings LLC since June 2021.

Mr. Zhou was a lawyer at Davis Polk & Wardwell LLP from October 2014 to May 2021. Mr. Zhou received his bachelor's degree in commerce from Queen's University in 2010 and his Juris Doctor degree from Harvard Law School in 2014. On December 2, 2022, Yoann Delwarde, chairman of the board of directors of the company, resigned as chairman of the company.

Mr. Delwarde's resignation was not the result of any dispute or disagreement with the company or the company's board of directors on any matter relating to the company's operations, policies or practices. The company's board of directors appointed Mr. Jingyu Wang to serve as Class III director and chairman of the board of directors, effective December 2, 2022. Jingyu Wang, 33, served as an advisor to the Company in connection with its initial public offering and public disclosures from September 2021 until his appointment as Chief Executive Officer.

From June 2015 to September 2021, Mr. Wang served as the secretary of the board for 36Kr Holdings Inc. for which he coordinated the Company's public disclosures. Mr. Wang received his bachelor's degree in laws from China University of Political Science and Law in 2012.