Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 286

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 286
---
     |                          |          - |     | $        |     - |     |             |    - |
| Forfeited      |     |             |          - |     |                          |          - |     | $        |     - |     |             |    - |
| Exercised      |     |             |          - |     |                          |          - |     | $        |     - |     |             |    - |
| March 31, 2024 |     |             |          - |     |                          |          - |     | $        |     - |     |             |    - |
| Granted        |     |             | 16,500,000 |     |                          | 16,500,000 |     | $        | 11.50 |     |             | 5.00 |
| Forfeited      |     |             |          - |     |                          |          - |     | $        |     - |     |             |    - |
| Exercised      |     |             |          - |     |                          |          - |     | $        |     - |     |             |    - |
| March 31, 2025 |     |             | 16,500,000 |     |                          | 16,500,000 |     | $        | 11.50 |     |             | 4.87 |

Note 20 — Income tax

Cayman Islands

GCL Global is incorporated
in Cayman Islands and is not subject to tax on income or capital gains under current Cayman Island law. Additionally, upon payments of
dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands

GCL BVI is incorporated
in British Virgin Islands and are not subject to tax on income or capital gains under current British Virgin Island law. Additionally,
upon payments of dividends to the shareholders, no British Island withholding tax will be imposed.

Singapore

The
Company’s subsidiaries incorporated in Singapore, are subject to Singapore Profits
Tax on the taxable income as reported in its statutory financial statements adjusted in accordance
with relevant Singapore tax laws. The applicable corporate income tax rate is 17% in Singapore,
with 75% of the first $7,474 (SGD 10,000) taxable income and 50% of the next $142,001 (SGD
190,000) taxable income are exempted from income tax.