Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 205

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 205
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 any                                                
 other method permitted pursuant to applicable law. |

The Selling Shareholders
may also sell ordinary shares under Rule 144 promulgated under the Securities Act of 1933, as amended, if available, rather than
under this prospectus. In addition, the Selling Shareholders may transfer the ordinary shares by other means not described in this prospectus.
If the Selling Shareholders effect such transactions by selling ordinary shares to or through underwriters, broker-dealers or agents,
such underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions from the Selling
Shareholders or commissions from purchasers of the ordinary shares for whom they may act as agent or to whom they may sell as principal
(which discounts, concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary
in the types of transactions involved). In connection with sales of the ordinary shares or otherwise, the Selling Shareholders may enter
into hedging transactions with broker-dealers, which may in turn engage in short sales of the ordinary shares in the course of hedging
in positions they assume. The Selling Shareholders may also sell ordinary shares short and deliver ordinary shares covered by this prospectus
to close out short positions and to return borrowed shares in connection with such short sales. The Selling Shareholders may also loan
or pledge ordinary shares to broker-dealers that in turn may sell such shares.

<div align='center'>115</div>

The Selling Shareholders
may pledge or grant a security interest in some or all of the notes or ordinary shares owned by them and, if they default in the performance
of their secured obligations, the pledgees or secured parties may offer and sell the ordinary shares from time to time pursuant to this
prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending, if
necessary, the list of Selling Shareholders to include the pledgee, transferee or other successors in interest as Selling Shareholders
under this prospectus. The Selling Shareholders also may transfer and donate the ordinary shares in other circumstances in which case
the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.

To the extent required by
the Securities Act and the rules and regulations thereunder, the Selling Shareholders and any broker-dealer participating in the distribution
of the ordinary shares may be deemed to be “under