Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 120

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 120
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 of approval in respect of the prohibited transactions.

Foreign investors are generally
free to repatriate proceeds, profits, dividends, rent, fees, and interest arising from any investment in Malaysia in foreign currency
(except for the currency of Israel), subject to any withholding tax, in accordance with the FE Notices. The conversion of ringgit into
foreign currency may be freely effected onshore with licensed banks or money-changers with certain limited exceptions.

Regulations on Anti-money Laundering and Counter-Terrorist Financing

The Anti-Money Laundering,
Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLATFA”), makes it an offense for
any person to engage in or abet the commission of money laundering and terrorist financing, and seeks, among other things, to implement
measures for the prevention of money laundering and terrorism financing offences. Any person who (a) engages in a transaction that
involves proceeds of unlawful activity; (b) uses proceeds of unlawful activity; (c) removes from or brings into Malaysia proceeds
of unlawful activity; or (d) conceals, disguises, or impedes the establishment of the true nature, origin, location, movement, disposition,
title of, rights with respect to, or ownership of proceeds of unlawful activity commits a money laundering offense under the AMLATFA.

AMLATFA sets out the reporting
institution under the First Schedule of the AMLATFA to comply with the further obligations of prevention of money laundering and financing
terrorism, which include reporting and recordkeeping duties, such as submitting suspicious transaction reports, implementing a risk-based
application, and conducting customer due diligence. Epicsoft Malaysia. is not deemed to be a reporting institution under the AMLATFA.

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Regulations in Hong Kong

We conduct business in Hong
Kong mainly through the following subsidiaries: (a) Epicsoft Hong Kong, which is primarily engaged in the marketing and retail distribution
of video games software, game codes and other related consumer items in Hong Kong; and (b) 2Game, which is primarily engaged in
the distribution of video games and related products including digital content such as console game codes. Each of our Hong Kong subsidiaries
has obtained a business registration certificate under the Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong) since
incorporation and the commencement of its business operations.

Regulations Related to Business Registration

The Business Registration
Ordinance