Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 151

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 10
Chunk 151
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to additional information reporting to the IRS and possible U. S. backup withholding. Backup withholding will not apply, however, to a
U. S. Holder who furnishes a correct taxpayer identification number and makes any other required certification on IRS Form W-9 or who is
otherwise exempt from backup withholding. U. S. Holders who are required to establish their exempt status generally must provide such certification
on IRS Form W-9. U. S. Holders are urged to consult their tax advisors regarding the application of the U. S. information reporting and
backup withholding rules.

Backup withholding is not
an additional tax. Amounts withheld as backup withholding may be credited against your U. S. federal income tax liability, and you may
obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate claim for refund with the
IRS and furnishing any required information. We do not intend to withhold taxes for individual shareholders. However, transactions effected
through certain brokers or other intermediaries may be subject to withholding taxes (including backup withholding), and such brokers or
intermediaries may be required by law to withhold such taxes.

THE PRECEDING DISCUSSION OF U. S. FEDERAL TAX
CONSIDERATIONS IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT TAX ADVICE. EACH PROSPECTIVE INVESTOR SHOULD CONSULT ITS OWN TAX ADVISOR
REGARDING THE PARTICULAR U. S. FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF PURCHASING, HOLDING AND DISPOSING OF OUR ORDINARY
SHARES, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGE IN APPLICABLE LAWS.

F. Dividends and Paying Agents

The Company has never declared
or paid any cash dividends and has no plan to declare or pay any dividends on Ordinary Shares in the foreseeable future. The Company currently
intends to retain any earnings for future operations and expansion.

G. Statement by Experts

Not applicable.

H. Documents on Display

We are subject to certain
of the informational filing requirements of the Exchange Act. Since we are a “foreign private issuer,” our officers, directors
and principal shareholders are exempt from the reporting and “short-swing” profit recovery provisions contained in Section
16 of the Exchange Act, with respect to their purchase and sale of our equity securities. In addition, we are not required to file reports
and financial statements with the SEC as frequently or as promptly as