Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 148

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 148
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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 concerns regarding questionable accounting, internal controls or auditing matters. |

Our board of directors has
adopted a written charter for the audit committee which is available on PubCo’s website.

Compensation Committee

PubCo’s compensation
committee consists of Jacky Choo See Wee, Catherine Choo and Joshua Kewei Cui. Neither Mr. Choo nor Ms. Choo qualifies as an
independent director. PubCo relies on the “controlled company” exemption of the Nasdaq rules relating to compensation committee
composition.

The compensation committee’s
responsibilities include, among other things:

| ● | reviewing                                                                                                                                 
 and approving