Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 127

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 6
Chunk 127
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 strategic planning, and internal control of that company. From May 2017 to August
2018, Mr. Cui served as the financial controller of K2 F& B Holdings Limited, a company listed on the Main Board of the Hong Kong Stock
Exchange, and as its Chief Financial Officer from August 2018 to July 2021, where he was principally responsible for overall accounting
and financial management, project management, strategic planning and internal control of that company. Mr. Cui has more than 15 years
of experience in finance and accounting, including external audit, internal control and financial reporting in various industries. He
received a Bachelor’s Degree in Applied Accounting from Oxford Brookes University and has been a member of the Institute of Singapore
Chartered Accountants since 2013.

Family Relationships

Ms. Catherine Choo See Ling,
one of our directors, and Mr. Jacky Choo See Wee, our Group Chairman, are siblings.

B. Compensation

The aggregate cash compensation
paid to our directors and executive officers (including individuals who are no longer with GCL Group at the time of the report) during
fiscal year 2025 was approximately $1.9 million. Neither the Company nor the compensation committee of the Board has engaged a compensation
consultant to determine or recommend the amount or form of executive or director compensation.

During the fiscal year ended
March 31, 2025, Mr. Choo See Wee received from the Company, in addition to his executive compensation as the Chief Executive Officer of
Epicsoft Asia and 4Divinitiy, approximately $112,000 in director’s fees, and an aggregate of approximately $170,300 of rent, representing
50% of the rent payments for a property in Singapore which served as Mr. Choo’s office as well as residence. In addition, the Company
leased a company car for Mr. Choo, and paid an aggregate of approximately $50,000 in lease payments for such vehicle during the fiscal
year of 2025.

Our full-time employees of
the Company are entitled to the 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.

C. Board Practices

We are a foreign private issuer within the meaning of the rules under
the Exchange Act and, as such