Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 131

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 131
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 to data protection (including the obligation to protect
and care for personal data, and to conduct assessments of data breaches), the maximum financial penalty that may be imposed: (a) on
an organization whose annual turnover in Singapore exceeds S$10 million is 10% of the organization’s annual turnover in Singapore,
if the contravention occurs on or after October 1, 2022; and (b) in any other case is S$1 million; and (ii) in the
case of contravention of the DNC requirements, the maximum financial penalty that may be imposed is S$1 million.

Regulations on Foreign Investment and Exchange Control

Singapore does not have an umbrella regime for regulating
foreign investment. Instead, foreign investment is regulated (if at all) by sector. Singapore imposes no significant restrictions on the
repatriation of earnings and capital, or on remittances, foreign exchange transactions and capital movements.

Regulations in Malaysia

We conduct business in Malaysia through our subsidiary,
Epicsoft Malaysia, which is primarily engaged in the marketing and retail distribution of video games and related products in Malaysia.

Regulations on Business Registration

A person who desires to form a company shall apply
for incorporation, pursuant to the provisions of the Companies Act 2016 of Malaysia (the “Malaysian Companies Act”),
with the Companies Commission of Malaysia. The Local Government Act 1976 of Malaysia empowers every local authority to make, amend or
revoke any by-laws in respect of the local government area, and to grant any licence or permit of any trade, occupation or premises and
such licence shall be subject to such conditions and restrictions as the local authority may prescribe. As such, prior to the commencement
of our business operations in Malaysia, we are required to apply for business premises licenses for each operating premise from the relevant
local authority. We have registered our Malaysia subsidiary in accordance with the Malaysian Companies Act and have obtained the business
premises license from the local authority.

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Regulations on Labor and Employment

Employment and industrial relations in Malaysia
are mainly governed by the Employment Act 1955 of Malaysia (the “Malaysian Employment Act”). The requirements
under the Malaysia Employment Act apply to all employees that enter into a contract of service regardless of wages (except that, for certain
prescribed categories of employees such as employees earning more than RM4,000 per month, provisions in the Malaysia Employment Act relating
to, among other