Item 1.01 Termination of a Material Definitive Agreement

As previously disclosed, on January 26, 2025, Embrace Change Acquisition Corp., a Cayman Islands exempted company ("EMCG" or "Parent"), entered into a merger agreement (the "Merger Agreement"), by and between EMCG, EMC Merger Sub 1, a Cayman Islands exempted company and wholly owned subsidiary of Parent ("Purchaser"), EMC Merger Sub 2, a Cayman Islands exempted company and wholly owned subsidiary of Purchaser ("Merger Sub," and together with Parent and Purchaser, the "Parent Parties"), and Tianji Tire Global (Cayman) Limited, a Cayman Islands exempted company ("Tianji" or the "Company"). The Merger Agreement was subsequently amended on October 16, 2025. On September 10, 2026, EMCG received a termination notice (the "Notice") from Tianji. The Notice terminated the Merger Agreement pursuant to Section 11.1(d)(i) of the Merger Agreement which provides that the Merger Agreement may be terminated by either the Company or any Parent Party on or after August 12, 2026 (the "Outside Date") if the merger shall not have been consummated prior to the Outside Date, subject to the provision that such termination right shall not be available to a party if the failure of the merger to have been consummated on or before the Outside Date was due to such party's breach of or failure to perform any of its representations, warranties, covenants or agreements set forth in the Merger Agreement.