Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 234

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 234
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 SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Full-time employees of the
Company are entitled to government-mandated defined contribution plan. The Company is required to accrue and pay for these benefits based
on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government
regulations, and make cash contributions to the government-mandated defined contribution plan. Total expenses for the plans were $305,690,
$211,432 and $173,265 for the years ended March 31, 2025, 2024 and 2023, respectively.

The related contribution
plans include:

Singapore subsidiaries

| — | Central Provident Fund (“CPF”) — 17.00% based on                                                          
 employee’s monthly salary for employees aged 55 and below, reduces progressively to 7.5% as age increase; |

| — | Skill Development Levy (“SDL”) — up to 0.25% based on employee’s monthly 
 salary capped $8.3 (SGD 11.25).                                          |

Malaysian subsidiary

| — | Social Security Organization (“SOSCO”) — 1.75% based on employee’s monthly 
 salary capped of RM 4,000;                                                 |

| — | Employees Provident Fund (“EPF”) — 12% based on employee’s monthly salary; 
 and                                                                        |

| — | Employment Insurance System (“EIS”) — 0.2% based on employee’s monthly 
 salary capped of RM 4,000.                                             |

Hong Kong subsidiaries

| — | Mandatory Provident Fund (“MPF”) — 5% based on employee’s monthly salary 
 capped of HKD 30,000;                                                    |

Brazil subsidiary

| — | Employees’ Severance Indemnity Fund (“FGTS”) — 8% based on employee’s 
 monthly salary;                                                       |

| — | Social Security Contribution (“INSS”) — up to 14% based on employee’s monthly 
 salary capped of BRL 7,507;                                                   |

United Kingdom subsidiary

| — | National Insurance Contribution (“NIC”) — up to 15.05% based on employee’s 
 monthly salary, subject to statutory thresholds;                           |

| — | Workplace Pension — minimum 3% based on qualifying earnings; |

Dubai subsidiary

| — | General Pension and Social Security Authority (“GPSSA”) — 12.5% based on employee’s 
 monthly salary