Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 134

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 134
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| (f) | the data integrity principle; and |

| (g) | the access principle. |

In general, to process or disclose personal data
relating to any individuals would require (i) consent from such individuals, particularly pertaining to sensitive personal data,
which may be obtained in any form that can be recorded and maintained properly by the data user; and (ii) written notice to such
individuals informing such individuals amongst others, (a) personal data that is being processed by or on behalf of the data user
and whether it is obligatory or voluntary for the individual to supply the personal data and, where it is obligatory for the individual
to supply the personal data, the consequences that the individual may face if the individual fails to supply the personal data, (b) the
purposes for which the personal data is being or is to be collected and further processed, (c) any information available to the data
user as to the source of that personal data, and (d) the individual’s right to request access to and request correction of
the personal data. Any person engaged in processing personal data shall take measures to protect the personal data from any loss, misuse,
modification, unauthorized or accidental access or disclosure, alteration or destruction and to maintain the integrity of the personal
data processed, which should not be kept longer than necessary for the fulfilment of the purpose for which it was to be processed. Violation
of the Malaysia PDPA, when convicted, may result fine up to RM500,000 and/or to imprisonment or both.

Regulations on Foreign Investment

As there is no overarching FDI regime in Malaysia,
foreign equity restrictions thresholds vary between every industry, depending on the applicable laws, policies, and regulations issued
by the relevant governmental departments. Epicsoft Malaysia is not subject to restrictions on foreign investment.

Regulations on Exchange Control

The exchange control regime in Malaysia is regulated
by the Financial Services Act 2013 of Malaysia (the “FSA”), which regulates the domestic and international transactions
involving residents and non-residents of Malaysia and prescribes a list of transactions that are prohibited without approval from the
Bank Negara Malaysia (the Central Bank of Malaysia) (the “BNM”). In exercise of the powers conferred by the
FSA, BNM issues the Foreign Exchange Notices (the “FE Notices”) which provides the directions, requirements,
restrictions, and conditions of approval in respect of the prohibited transactions.

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Foreign investors are