Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 138

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 138
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 that we have a compensation committee that
is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities and
(ii) the requirement that we have a nominating and corporate governance committee with a written charter addressing the committee’s
purpose and responsibilities. We are eligible to take advantage of additional exemptions from certain Nasdaq corporate governance requirements.
As a result, our shareholders may not have the same protection afforded to shareholders of companies that are subject to these corporate
governance requirements.

Independence of Directors

We adhere to the rules of
the Nasdaq stock market, as applicable to foreign private issuers and controlled companies, in determining whether a director is independent.
Our board of directors has consulted, and will continue to consult, with its counsel to ensure that the board of director’s determinations
are consistent with those rules and all relevant securities and other laws and regulations regarding the independence of directors.

We currently have six directors,
three of whom qualify as independent within the meaning of the independent director guidelines of Nasdaq. Tse Meng Ng, Wilson W. Wang
and Joshua Kewei Cui are “independent directors” as defined in the rules of Nasdaq and applicable SEC rules.

Director Nominations

As a “controlled company”
under Nasdaq rules, We are not required to and does not currently have a standing nominating committee, though we intend to form a corporate
governance and nominating committee as and when required to do so by law or the Nasdaq rules. We believe that our directors can satisfactorily
carry out the responsibility of properly selecting or approving director nominees without the formation of a standing nominating committee.

Committees of the Board of Directors

We have established a separately
standing audit committee and compensation committee, and adopted a charter for each of these committees.

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Audit Committee

Our audit committee consists
of Tse Meng Ng, Wilson W. Wang and Joshua Kewei Cui, with Mr. Cui serving as the chair of the audit committee. Each member of the audit
committee qualifies as an 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