Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 37

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 37
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| ● | the inability to extend proprietary rights in our brand, content, or technology 
 into new jurisdictions;                                                         |

| ● | compliance with applicable foreign laws and regulations, including laws relating 
 to content and consumer protection;                                              |

| ● | compliance with anti-bribery laws, including the Foreign Corrupt Practices Act; |

| ● | credit risk and higher levels of payment fraud; |

| ● | currency exchange rate fluctuations; |

| ● | protectionist laws and business practices that favor local businesses in some 
 countries;                                                                    |

| ● | double taxation of our international earnings and potentially adverse tax consequences       
 due to changes in the tax laws of the U.S. or the foreign jurisdictions in which we operate; |

| ● | political, economic, and social instability; |

| ● | public health crises, such as the COVID-19 pandemic and other future health                                                      
 epidemics or contagious disease outbreaks, which can result in varying impacts to our employees, gamers, vendors, and commercial 
 partners internationally;                                                                                                        |

| ● | higher costs associated with doing business internationally; |

| ● | export or import regulations; and |

| ● | trade and tariff restrictions. |

19 If we are unable to manage the complexity of our global operations successfully, our business, financial condition, and operating results could be adversely affected. Additionally, our ability to successfully gain market acceptance in any particular market is uncertain, and the distraction of our senior management team could harm our business, financial condition, or results of operations. Please refer to “ Business—Regulations Applicable to the Company” for further information. Changes in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our business. Recently, the U.S. has implemented a range of new tariffs and increases to existing tariffs. In response to the tariffs announced by the U.S., other countries have imposed, are considering imposing, and may in the future impose new or increased tariffs on certain exports from the U.S. There is currently significant uncertainty about the future relationship between the United States and other countries with respect to trade policies, taxes, government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will continue or trade policies will change in the future. Tariffs, or the threat of tariffs or increased tariffs, could have a significant negative impact on our business. We may not be able to adequately address the risks presented by these tariffs or other potential trade policy changes. Any failure by us or our vendors to comply with applicable anti-money