Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 27

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 27
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 which we operate. For example, steep increase in tariffs placed on our console games and gaming consoles could materially adversely
affect our results of operations if we cannot successfully pass onto the consumers the increased costs as a result of these tariffs, or
if the resulting increased price would result in a decreased demand for the game titles we distribute or publish. Some of the other risks
include the following:

| ● | inconsistent and evolving regulations, licensing and legal requirements may increase our operational risks and cost of operations among the countries in Asia in which we operates; |

| ● | currencies may be devalued or may depreciate or currency restrictions or other restraints on transfer of funds may be imposed; |

| ● | the effects of inflation within Asia generally and/or within any specific country in which we operate may increase our cost of operations; |

| ● | governments or regulators may impose new or more burdensome regulations, taxes or tariffs; |

| ● | political changes may lead to changes in the business, legal and regulatory environments in which we operate; |

| ● | economic downturns, political instability, civil disturbances, war, military conflict, religious or ethnic strife, terrorism and general security concerns may negatively affect our operations; |

| ● | enactment or any increase in the enforcement of regulations, including, but not limited to, those related to personal data protection and localization and cybersecurity, may incur compliance costs; |

| ● | health epidemics, pandemics or disease outbreaks (including the COVID-19 outbreak) may affect our operations and demand for its gaming products; and |

| ● | natural disasters like volcanic eruptions, floods, typhoons and earthquakes may impact our operations severely. |

Additionally, the laws in
the countries in which we operate may change and their interpretation and enforcement may involve significant uncertainties that could
limit the reliability of the legal protections available to us. We cannot predict the effects of future developments in the legal regimes
in the countries in which we operate.

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.

We may be adversely affected
by social, political, regulatory and economic developments in countries in which we operate. We derive a significant portion of its revenue
from our operations in Asia and are exposed to political and economic uncertainties, including, but not limited to, the risks of war,
terrorism, nationalism, nullification of contract, changes in interest rates, imposition of capital controls and methods of taxation that