Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 190

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 190
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 as well as additional expenses to be incurred, will be charged to expenses.

<div align='center'>F-19

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Full-time employees of the
Company are entitled to government-mandated defined contribution plan. The Company is required to accrue and pay for these benefits based
on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government
regulations, and make cash contributions to the government-mandated defined contribution plan. Total expenses for the plans were $305,690,
$211,432 and $173,265 for the years ended March 31, 2025, 2024 and 2023, respectively.

The related contribution plans include:

Singapore subsidiaries

| — | Central Provident Fund (“CPF”) — 17.00% based on employee’s monthly salary for employees aged 55 and below, reduces progressively to 7.5% as age increase; |

| — | Skill Development Levy (“SDL”) — up to 0.25% based on employee’s monthly salary capped $8.3 (SGD 11.25). |

Malaysian subsidiary

| — | Social Security Organization (“SOSCO”) — 1.75% based on employee’s monthly salary capped of RM 4,000; |

| — | Employees Provident Fund (“EPF”) — 12% based on employee’s monthly salary; and |

| — | Employment Insurance System (“EIS”) — 0.2% based on employee’s monthly salary capped of RM 4,000. |

Hong Kong subsidiaries

| — | Mandatory Provident Fund (“MPF”) — 5% based on employee’s monthly salary capped of HKD 30,000; |

Brazil subsidiary

| — | Employees’ Severance Indemnity Fund (“FGTS”) — 8% based on employee’s monthly salary; |

| — | Social Security Contribution (“INSS”) — up to 14% based on employee’s monthly salary capped of BRL 7,507; |

United Kingdom subsidiary

| — | National Insurance Contribution (“NIC”) — up to 15.05% based on employee’s monthly salary, subject to statutory thresholds; |

| — | Workplace Pension — minimum 3% based on qualifying earnings; |

Dubai subsidiary

| — | General Pension and Social Security Authority (“GPSSA”)