Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 238

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 238
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 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;                                                                     |

People of republic of China (“PRC”) subsidiary

| — | Social Security and Housing Provident Fund Contributions — Employers                                                                
 are required to contribute to five statutory social insurance programs (pension, medical, unemployment, maternity, and work-related 
 injury) and the housing provident fund. The total employer contribution rate typically ranges from approximately 30% to 40% of each 
 employee’s monthly salary, subject to minimum and maximum contribution bases set by local authorities. The exact contribution       
 rates and bases vary by city and province.                                                                                          |

<div align='center'>F-20

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Revenue represents the invoiced
value of service, net of applicable GST or VAT. The GST is chargeable on gross sales price. In Singapore, GST rate is 8% on gross sales
price for calendar year 2023 and 9% for calendar year 2024