Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 127

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 127
---
 or from Singapore. 
 At present, only one type of OCS is specified, namely social media services (“SMS”). An SMS is defined as an                                   
 electronic service whose sole or primary purpose is to enable online interaction or linking between two or more end-users, including           
 enabling end-users to share content for social purposes, and which allows end-users to communicate content on the service. Under the           
 new Part 10A, (i) providers of OCSs with significant reach or impact (as designated by the IMDA) are to comply with the IMDA’s                 
 codes of practice; and (ii) if the IMDA is satisfied that any egregious content provided on an OCS can be accessed by Singapore                
 end-users, IMDA can, among others, issue directions to the OCS provider to disable access to the egregious content by Singapore end-users,     
 and stop the egregious content from being transmitted to Singapore end-users via other channels or accounts (though such directions cannot     
 be issued in respect of private communications due to privacy concerns). Non-compliance with a direction by IMDA constitutes a criminal        
 offence, punishable with a fine.                                                                                                               |

Regulations on Intellectual Property Rights

The Intellectual Property Office of Singapore administers
the intellectual property legislative framework in Singapore, which includes copyrights, trademarks and patents. Singapore is a member
of the main international conventions regulating intellectual property matters, and the World Trade Organization’s Agreement on
Trade Related Aspects of Intellectual Property Rights.

Singapore operates a first-to-file system in respect
of registered trademarks under the Trade Marks Act 1988 of Singapore, and the registered proprietor is granted a statutory monopoly of
the trademark in Singapore in relation to the product or service for which it is registered. In the event of any trademark infringement,
the registered proprietor will be able to rely on the registered trademark as proof of his right to the mark, and the infringement of
a trademark may give rise to civil and criminal liabilities. Statutory protection of a registered trademark can last indefinitely, as
long as the registration is renewed every 10 years. Unregistered trademarks are also protected under the common law of passing off,
provided that the owner is able to prove that there is goodwill or reputation in the mark; misrepresentation on the part of the infringer;
and damage to the mark as a result.

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Regulations on Competition Laws

The Competition Act 2004 of Singapore
prohibits anti-competitive practices. Specific prohibited activities include agreements that prevent, restrict or