Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 121

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 121
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 (Chapter 310 of the Laws of Hong Kong), administered by Business Registration Office, requires every person carrying on any
business to make an application to the Commissioner of Inland Revenue in the prescribed manner for the registration of that business
within one month after the commencement of business. The Commissioner of Inland Revenue must register each business for which a business
registration application is made and as soon as practicable after the prescribed business registration fee and levy are paid and issue
a business registration certificate or branch registration certificate for the relevant business or the relevant branch, as the case
may be. Any person who fails to apply for business registration shall be guilty of an offence and shall be liable for a fine of HK$5,000
and imprisonment for one year. As of the date of this Report, each of the Hong Kong subsidiaries have obtained and maintains a valid
business registration certificate.

Regulations Relating to Trade Description of Products

The Trade Descriptions Ordinance
(Chapter 362 of the Laws of Hong Kong) prohibits false descriptions, false, misleading or incomplete information in respect of goods
provided in the course of trade and to prohibit certain unfair trade practices. Under the Trade Descriptions Ordinance, it is an offence
for a person, in the course of trade or business, to apply a false or misleading trade description to any goods or supply any goods with
false or misleading trade descriptions, to forge any trademark or falsely apply any trademark to any goods, or to engage in relation
to a consumer in a commercial practice that is a misleading omission, aggressive, bait advertising, a bait and switch, or constitutes
wrongly accepting payment for a product.

A person who commits any
such offense is subject to, on conviction on indictment, a fine of up to HK$500,000 and imprisonment for five years and, on summary
conviction, a fine of HK$100,000 and imprisonment for two years.

Regulations on Labor and Employment

The Employment Ordinance
(Chapter 57 of the Laws of Hong Kong) (the “EO”) is an ordinance enacted for, among other things, the protection
of the wages of employees and the regulation of the general conditions of employment and employment agencies. Under the EO, an employee
is generally entitled to, among other things, notice of termination of his or her employment contract, payment in lieu of notice, maternity
protection in the case of a pregnant employee, sickness allowance, statutory holidays or alternative holidays and paid annual leave.

Under the Mandatory Provident