Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 157

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 157
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 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. 99 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. 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 under the rules of Nasdaq. The audit committee’s responsibilities include, among other things:

| ● | appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered 
 public accounting firm;                                                                                |

| ● | discussing with our independent registered public accounting firm their independence from management; |

| ● | reviewing with our independent registered public accounting firm the scope and results of their audit; |

| ● | pre-approving all audit and permissible non-audit services to be performed by our independent registered 
 public accounting firm;                                                                                  |

| ● | overseeing the financial reporting process and discussing with management and our independent registered 
 public