Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 146

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 146
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 overall accounting and financial management, project management, strategic planning, and internal control of that company. From May 2017 to August 2018, Mr. Cui served as the financial controller of K2 F&B Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, and as its Chief Financial Officer from August 2018 to July 2021, where he was principally responsible for overall accounting and financial management, project management, strategic planning and internal control of that company. Mr. Cui has more than 15 years of experience in finance and accounting, including external audit, internal control and financial reporting in various industries. He received a Bachelor’s Degree in Applied Accounting from Oxford Brookes University and has been a member of the Institute of Singapore Chartered Accountants since 2013.

Family Relationships

Catherine Choo See Ling, a director of PubCo, and Mr. Jacky Choo See Wee, Group Chairman, are siblings.

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The Company’s Executive Compensation

The aggregate cash compensation paid to our directors and executive officers during fiscal year 2024 (including individuals who are no longer with GCL Group) was approximately US$2,585,458.

Foreign Private Issuer and Controlled Company

PubCo is a foreign private
issuer within the meaning of the rules under the Exchange Act and, as such, PubCo is permitted to follow the corporate governance practices
of its home country, the Cayman Islands, in lieu of the corporate governance standards of Nasdaq applicable to U.S. domestic companies.
For example, PubCo is not required to have a majority of the board consisting of independent directors nor have a compensation committee
or a nominating and corporate governance committee consisting entirely of independent directors. PubCo may elect to follow its home country’s
corporate governance practices as long as its remains a foreign private issuer. As a result, PubCo’ shareholders may not have the
same protection afforded to shareholders of U.S. domestic companies that are subject to Nasdaq corporate governance requirements. As a
foreign private issuer, PubCo is also subject to reduced disclosure requirements and are exempt from certain provisions of the U.S. securities
rules and regulations applicable to U.S. domestic issuers such as the rules regulating solicitation of proxies and certain insider reporting
and short-swing profit rules.

PubCo is a “controlled
company” as defined under the Nasdaq rules, because Jacky Choo See Wee, our Group Chairman is able