Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 180

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 180
---
 independent director under the Nadsaq corporate governance standards and the independence requirements of Rule 10A-3
of the Exchange Act. In addition, each proposed member of the audit committee is financially literate. Our board of directors has determined
that Mr. Cui qualifies as an “audit committee financial expert”, as defined in Item 407(d)(5) of Regulation S-K,
and possesses financial sophistication, as defined under the rules of Nasdaq.

The audit committee’s
responsibilities include, among other things:

| ● | appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered 
 public accounting firm;                                                                                |

| ● | discussing with our independent registered public accounting firm their independence from management; |

| ● | reviewing with our independent registered public accounting firm the scope and results of their audit; |

| ● | pre-approving all audit and permissible non-audit services to be performed by our independent registered 
 public accounting firm;                                                                                  |

| ● | overseeing the financial reporting process and discussing with management and our independent registered 
 public accounting firm the interim and annual financial statements that we file with the SEC;            |

| ● | reviewing and monitoring our accounting principles, accounting policies, financial and accounting 
 controls and compliance with legal and regulatory requirements; and                               |

<div align='center'>100</div>

| ● | establishing procedures for the confidential anonymous submission of concerns regarding questionable 
 accounting, internal controls or auditing matters.                                                   |

Our board of directors has
adopted a written charter for the audit committee which is available on our website at https://www.gclglobalholdings.com/.

Compensation Committee

Our compensation committee
consists of Jacky Choo See Wee, Catherine Choo and Joshua Kewei Cui. Neither Mr. Choo nor Ms. Choo qualifies as an independent
director. We rely on the “controlled company” exemption of the Nasdaq rules relating to compensation committee composition.

The compensation committee’s
responsibilities include, among other things:

| ● | reviewing and approving corporate goals and objectives relevant to the compensation of our Chief                                 
 Executive Officers, evaluating the performance of our Chief Executive Officer in light of these goals and objectives and setting 
 or making recommendations to the Board regarding the compensation of our Chief Executive Officer;                                |

| ● | reviewing and setting or making recommendations to our board of directors regarding the compensation 
 of our other executive officers;                                                                     |

| ● | making recommendations to our board of directors regarding the compensation of our directors; |

| ● | reviewing