Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 21

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 21
---
 parties.                                             |

| ● | If                                                                                          
 we do not successfully invest in, establish and maintain awareness of our brands and games, 
 or if we incur excessive expenses promoting and maintaining our brands or our games, our    
 business, financial condition, results of operations, or reputation could be harmed.        |

| ● | The                                                                                 
 video game industry is very competitive. If consumers prefer our competitors’ games 
 over the ones we distribute or develop, our operating results could suffer.         |

| ● | We                                                                                          
 intend to grow our business through strategic acquisitions, investments, and joint ventures 
 that involve numerous risks and uncertainties.                                              |

Risks Related to the Company’s International Operations, Legal and Regulatory Matters

| ● | Our                                                                                          
 business is subject to numerous legal and regulatory risks that could have an adverse impact 
 on our business and prospects.                                                               |

| ● | Our                                                                                       
 international operations are, and our strategy to expand internationally will be, subject 
 to increased challenges and risks.                                                        |

| ● | Any                                                                                           
 failure by us or our vendors to comply with applicable anti-money laundering or other related 
 laws and regulations could damage its business, reputation, financial condition, and results  
 of operation, or subject it to other risks.                                                   |

| ● | We                                                                    
 are subject to risks associated with operating and investing in Asia. |

| ● | Our                                                                                       
 revenue and net income may be materially and adversely affected by any economic slowdown  
 or developments in the social, political, regulatory and economic environments in Asia as 
 well as globally.                                                                         |

| ● | Uncertainties                                                                                
 with respect to the legal system in certain markets in Southeast Asia could adversely affect 
 GCL Companies.                                                                               |

| ● | We                                                                                         
 could face uncertain tax liabilities in various jurisdictions where we operate, and suffer 
 adverse financial consequences as a result.                                                |

| ● | Companies                                                                                          
 and governmental agencies may restrict access to platforms, our website or the Internet generally, 
 which could lead to the loss or slower growth of our gamer base.                                   |

Risks Related to the Company Operating in China

| ● | The                                                                                          
 uncertainties and quick change of the legal system in China with little advance notice could 
 limit the legal protections available or impose additional requirements and obligations on   
 our business operation in China and Hong Kong, which may materially and adversely affect     
 our business, financial condition, and results of operations.                                |

| ● | The                                                                                              
 gaming industry in China is subject to a variety of PRC laws and regulations, many