Company: GCL
Filing Date: 2025-02-20
Form Type: 20FR12B
Source: 0001213900-25-015736
Chunk: 4

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-20
Form: 20FR12B
Chunk 4
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 rounding.

<div align='center'>ii

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

This Shell Company Report on Form 20-F (including information incorporated by reference herein, the “Report”) contains or may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results of operations or our performance. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this Report may include, for example, statements about:

| ● | the benefits from the Business 
 Combination;                   |

| ● | the Company’s plans to                        
 expand its customers base with market trends; |

| ● | the Company’s ability                                                         
 to grow market share in its existing markets or any new markets it may enter; |

| ● | the Company’s ability                                                                         
 to execute its growth strategy, manage growth and maintain its corporate culture as it grows; |

| ● | the regulatory environment                                                                       
 and changes in laws, regulations or policies in the jurisdictions in which the Company operates; |

| ● | political instability in the                 
 jurisdictions in which the Company operates; |

| ● | anticipated technology trends                                                                                        
 and developments and the Company’s ability to address those trends and developments with its products and offerings; |

| ● | the ability to protect information                                                                                                     
 technology systems and platforms against security breaches or otherwise protect confidential information or platform users’ personally 
 identifiable information;                                                                                                              |

| ● | PubCo’s ability to raise     
 financing in the future; and |

| ● | the Company’s ability                                                    
 to utilize the “controlled company” exemption under the rules of Nasdaq. |

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

These forward-looking statements are based on information available as of the date of this Report, and current expectations, forecasts and assumptions involve a number of judgments, risks and uncertainties. Accordingly, forward-looking