Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 149

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 149
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 is
not required to and does not intend to 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 independent directors can satisfactorily carry
out the responsibility of properly selecting or approving director nominees without the formation of a standing nominating committee.
The directors who will initially participate in the consideration and recommendation of director nominees are Jacky Choo See Wee and Tse
Meng Ng. Mr. Choo does not qualify as an independent director.

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Committees of the Board of Directors

PubCo has established a separately
standing audit committee and compensation committee, and adopted a charter for each of these committees.

Audit Committee

PubCo’s audit committee
consists of Tse Meng Ng, Wilson W. Wang and Joshua Kewei Cui, with Mr. Cui serving as the chair of the 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 PubCo’s independent registered public accounting firm; |

| ● | discussing                                                                                     
 with PubCo’s independent registered public accounting firm their independence from management; |

| ● | reviewing                                                                                        
 with PubCo’s 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 PubCo’s independent registered public accounting firm; |

| ● | overseeing                                                                                                                           
 the financial reporting process and discussing with management and PubCo’s independent registered public accounting firm the interim 
 and annual financial statements that PubCo files with the SEC;                                                                       |

| ● | reviewing                                                                                                                      
 and monitoring PubCo’s accounting principles, accounting policies, financial and accounting controls and compliance with legal 
 and regulatory requirements; and                                                                                               |

| ● | establishing                                                                                                                               
 procedures for the confidential anonymous submission of