Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 137

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 137
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PO also gives data subjects certain rights, inter alia:

| (i) | the right to be informed by a data user whether the data              
 user holds personal data of which the individual is the data subject; |

| (ii) | if the data user holds such data, to be supplied with a copy 
 of such data; and                                            |

| (iii) | the right to request correction of any data they consider 
 to be inaccurate.                                         |

The PDPO criminalizes certain uses, including, but
not limited to, the misuse or inappropriate use of personal data in direct marketing activities, non-compliance with a data access request
and the unauthorized disclosure of personal data obtained without the relevant data user’s consent. An individual who suffers damage,
including injured feelings, by reason of a contravention of the PDPO in relation to his or her personal data may seek compensation from
the data user concerned.

Regulations on Foreign Investment, Exchange Control and Dividend Distribution

There are no restrictions on foreign investments
or foreign ownership applicable to the businesses currently conducted by our Hong Kong subsidiaries. There are also no foreign exchange
controls currently in force in Hong Kong, and the Hong Kong dollar is freely convertible into other currencies. Our Hong Kong subsidiaries
are not restricted in their ability to pay dividends.

Regulations Related to Hong Kong Taxation

Under the Inland Revenue Ordinance (Chapter 112
of the Laws of Hong Kong), where an employer commences to employ in Hong Kong an individual who is or is likely to be chargeable to tax,
or any married person, the employer shall give a written notice to the Commissioner of Inland Revenue not later than three months
after the date of commencement of such employment. Where an employer ceases or is about to cease to employ in Hong Kong an individual
who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland
Revenue not later than one month before such individual ceases to be employed in Hong Kong.

Withholding Tax on Dividends

Under the current practice of the Inland Revenue
Department of Hong Kong, no withholding tax is payable in Hong Kong in respect of dividends paid by the Hong Kong subsidiaries in Hong
Kong.

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Capital Gains and Profit Tax

The Inland Revenue Ordinance provides, among other
things, that profits tax shall be charged on every person carrying on a trade, profession or business in Hong