Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 122

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 122
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 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.

Foreign investors are generally
free to repatriate proceeds, profits, dividends, rent, fees, and interest arising from any investment in Malaysia in foreign currency
(except for the currency of Israel), subject to any withholding tax, in accordance with the FE Notices. The conversion of ringgit into
foreign currency may be freely effected onshore with licensed banks or money-changers with certain limited exceptions.

Regulations on Anti-money Laundering and Counter-Terrorist Financing

The Anti-Money Laundering,
Anti-Terrorism Financing and Proceed