Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 110

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 110
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 not subject to the video game classification system. However, the IMDA retains
the right to issue a rating and/or classification of any of the online games we offer, should it choose to do so.

Under the Films (Class Licence
for Video Games Distribution) Order 2019, distributors and retailers of video games in Singapore are automatically class licensed, and
shall comply with the conditions of the class licence under the said Order such as ensuring that only appropriate video games or any
related promotional films are distributed.

Regulations on Consumer Protection

There are various general
consumer protection laws in place in Singapore, which apply generally to all relevant transactions including electronic transactions,
but are not specifically targeted at regulating e-commerce operations. One or more of these laws would be relevant in the context of
live streaming operations or e-commerce operations.

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The Consumer Protection
(Fair Trading) Act 2003 of Singapore is the primary statute governing consumer protection which sets out a legislative framework prohibiting
suppliers from engaging in unfair practices in relation to transactions and to allow consumers aggrieved by unfair practices to have
recourse to civil remedies before the Singapore courts. The definition of supplier under the Consumer Protection (Fair Trading) Act 2003
of Singapore includes persons who promote the use or purchase of goods or services. Suppliers may be held liable for engaging in unfair
practices in relation to consumer transactions. Unfair practices include, among other things, (i) doing or saying anything, or omitting
to do or say anything, that would reasonably deceive or mislead consumers, (ii) making a false claim, (iii) taking unreasonable
advantage of a consumer, or (iv) making various forms of misrepresentations to the consumer.

The Consumer Protection
(Trade Descriptions and Safety Requirements) Act 1975 of Singapore prohibits the use of false trade descriptions on goods supplied in
the course of trade. Trade descriptions include any description, statement or indication that directly or indirectly relates to the fitness
for purpose, strength, performance, behavior or accuracy of any goods. This prohibition applies to all persons in the course of business
and would be applicable in an e-commerce marketplace. Violations of the Consumer Protection (Trade Descriptions and Safety Requirements)
Act 1975 of Singapore are subject to criminal liability.

The Unfair Contract Terms
Act 1977 of Singapore generally regulates against unfair contract terms such as exclusion clauses and limitation of liability clauses
in most consumer and standard form contracts. Amongst other