Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 139

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 139
---
) (the “AMLO”) imposes requirements relating to client
due diligence and record-keeping and provides regulatory authorities with the powers to supervise compliance with the requirements under
the AMLO. In addition, the regulatory authorities are empowered to (i) ensure that proper safeguards exist to prevent contravention
of specified provisions in the AMLO; and (ii) mitigate money laundering and terrorist financing risks. Our Hong Kong subsidiaries
are not subject to these requirements.

Among other things, the Organized and Serious Crimes
Ordinance (Chapter 455 of the Laws of Hong Kong) (the “OSCO”) empowers officers of the Hong Kong Police Force
and the Hong Kong Customs & Excise Department to investigate organized crime and triad activities, and confers jurisdiction on the
Hong Kong courts to confiscate the proceeds of organized and serious crimes and to issue restraint orders and charging orders in relation
to the property of defendants of specified offenses under the OSCO. The OSCO extends the money laundering offense to cover the proceeds
from all indictable offenses.

Among other things, the UN United Nations (Anti-terrorism
Measures) Ordinance (Chapter 575 of the Laws of Hong Kong) (the “UNATMO”) stipulates that it is a criminal offense
to (i) provide or collect property (by any means, directly or indirectly) with the intention to, or knowledge that the property will
be used to, commit, in whole or in part, one or more terrorist acts; or (ii) make any property or financial (or related) services
available, by any means, directly or indirectly, to or for the benefit of a person knowing that, or being reckless as to whether, such
person is a terrorist or terrorist associate, or collect property or solicit financial (or related) services, by any means, directly or
indirectly, for the benefit of a person knowing that, or being reckless as to whether, the person is a terrorist or terrorist associate.
The UNATMO also requires a person to disclose his knowledge or suspicion of terrorist property to an authorized officer, and failure to
make such disclosure constitutes an offense under the UNATMO.

<div align='center'>83

MANAGEMENT</div>

Management and Board of Directors

The following table sets forth information regarding our directors and executive officers as of the date of this prospectus. Our board is comprised of six directors.

| Name                       |     | Age |     | Position                                                                                   |
| Executive Officers:        |