Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 87

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 87
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 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 Proceeds of Unlawful Activities Act 2001 (“AMLATFA”), makes it an offense for any person to engage
in or abet the commission of money laundering and terrorist financing, and seeks, among other things, to implement measures for the prevention
of money laundering and terrorism financing offences. Any person who (a) engages in a transaction that involves proceeds of unlawful
activity; (b) uses proceeds of unlawful activity; (c) removes from or brings into Malaysia proceeds of unlawful activity; or
(d) conceals, disguises, or impedes the establishment of the true nature, origin, location, movement, disposition, title of, rights
with respect to, or ownership of proceeds of unlawful activity commits a money laundering offense under the AMLATFA.

AMLATFA sets out the reporting
institution under the First Schedule of the AMLATFA to comply with the further obligations of prevention of money laundering and financing
terrorism, which include reporting and recordkeeping duties, such as submitting suspicious transaction reports, implementing a risk-based
application, and conducting customer due diligence. Epicsoft Malaysia. is not deemed to be a reporting institution under the AMLATFA.

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Regulations in Hong Kong

We conduct business in Hong Kong
mainly through the following subsidiaries: (a) Epicsoft Hong Kong, which is primarily engaged in the marketing and retail distribution
of video games software, game codes and other related consumer items