Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 125

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 125
---
 not less than the applicable amount stated in the Employees’
Compensation Ordinance (Chapter 282 of the Laws of Hong Kong) (the “ECO”) in respect of work-related injuries.
According to the ECO, the insured amount shall be not less than HK$100,000,000 per event if a company has no more than 200 employees.

<div align='center'>70</div>

Regulations Related to Anti-competition

The Competition Ordinance
(Chapter 619 of the Laws of Hong Kong) (i) prohibits conduct that prevents, restricts or distorts competition in Hong Kong; (ii) prohibits
mergers that substantially lessen competition in Hong Kong; and (iii) provides for incidental and connected matter.

The first conduct rule prohibits
anti-competitive agreements, practices and decisions. It provides that an undertaking must not (i) make or give effect to an agreement;
(ii) engage in a concerted practice; or (iii) as a member of an association of undertakings, make or give effect to a decision
of the association, if the object or effect of the agreement, concerted practice or decision is to prevent, restrict or distort competition
in Hong Kong. Serious anti-competitive conduct includes (i) fixing, maintaining, increasing or controlling the price for the supply
of goods or services; (ii) allocating sales, territories, customers or markets for the production or supply of goods or services;
(iii) fixing, maintaining, controlling, preventing, limiting or eliminating the production or supply of goods or services; and (iv) bid-rigging.

The second conduct rule
prohibits the abuse of market power. It provides that an undertaking that has a substantial degree of market power in a market must not
abuse such power by engaging in conduct that has as its object or effect the prevention, restriction or distortion of competition in
Hong Kong. This conduct may in particular, constitute an abuse of such market power if it involves predatory behavior towards competitors
or limiting production, markets or technical development to the prejudice of consumers. Matters that may be taken into consideration
when determining whether an undertaking has a substantial degree of market power in a market include (i) the market share of the
undertaking; (ii) the undertaking’s power to make pricing and other decisions; and (iii) any barriers to entry to competitors
into the relevant market.

The first conduct rule and
the second conduct rule apply to all sectors of the Hong Kong economy. Therefore, the Hong