Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 134

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 134
---
 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 prospectus, 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.

<div align='center'>80</div>

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 Fund Schemes
Ordinance (Chapter 485 of the Laws of Hong Kong) (the “MPFSO”), employers must participate in a Mandatory Provident
Fund (the “MPF”) Scheme for employees employed under the jurisdiction of the EO. Under the MPF Scheme, generally,
the employer and its employees are each required to make contributions to the plan at 5% of the employees’ relevant income, subject
to a cap of monthly relevant income of HK$30,000.

Employers are also