Company: GCL
Filing Date: 2025-02-26
Form Type: 20-F
Source: 0001213900-25-017448
Chunk: 5

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-26
Form: 20-F
Item: Item 5
Chunk 5
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1.1 to this Report. The description of the Amended and Restated Memorandum and Articles of Association of the
Company is included in the Form F-4 in the section entitled “ Description of PubCo Securities

C. Material
Contracts

Merger Agreement

The
description of the Merger Agreement and related agreements is included in the Form F-4 in the sections entitled “ The
Business Combination Proposal”

Other Agreements

The
description of other material contracts of GCL Global is contained in the Form F-4 in the section entitled “ Information Related
to the Company

D. Exchange
Controls

There
are no foreign exchange controls or foreign exchange regulations under the currently applicable laws of the Cayman Islands.

E. Taxation

Information
pertaining to tax considerations related to the Business Combination is set forth in the Form F-4, in the section entitled “ Material
U. S. Federal Income Tax Considerations to the Business Combination

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

The consolidated financial statements for GCL Global as of March 31, 2024 and 2023 and for the years then ended, incorporated in this
Report on Form 20-F by reference to the Registration Statement on Form F-4 (File No. 333-280559) of the Company, have been audited by
Marcum Asia CPA LLP, an independent registered public accounting firm, as set forth in their report thereon appearing elsewhere herein,
and are included in reliance upon such report given on the authority of such firm as experts in accounting and auditing. The address of
Marcum Asia CPA LLP is 7 Penn Plaza, Suite 830, New York, New York, 10001, United States.

The financial statements for the Company as
of December 31, 2024 and for the period from October 12, 2023 (inception) through March 31, 2024, incorporated in this Report on Form
20-F by reference to the Registration Statement on Form F-4 (File No. 333-280559) of the Company, have been audited by Marcum Asia CPA
LLP, an independent registered public accounting firm, as set forth in their report thereon appearing elsewhere herein