Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 28

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 28
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 service. |

Changes in the respective terms
of service or policy changes of third-party platforms may decrease the visibility or availability of our games, limit our distribution
capabilities, prevent access to our existing games, increase our costs to operate on these platforms, or result in the exclusion or limitation
of our games. Any such changes could adversely affect our business, financial condition, or results of operations.

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In addition, third-party platforms
typically impose certain file size limitations, restricting our ability to create software with additional features that would result
in a larger file size than what the platform providers would support. A larger game file size could also cause gamers to delete our games
once the file size grows beyond the capacity of their devices’ storage limitations or could reduce the number of downloads of these
games. If our platform providers do not perform their obligations in accordance with our platform agreements, we could be adversely impacted.
For example, in the past, some of these platform providers have been unavailable for short periods of time, unexpectedly changed their
terms or conditions or experienced issues. If any of our third-party service providers is unable to process payments, even for a short
period of time, our business could be harmed. These platforms and our third-party online payment service providers may also experience
security breaches or other issues with their functionalities. In addition, if we violate, or a platform provider believes we have violated,
its terms of service, policies, or standard publisher agreements (or if there is any change or deterioration in our relationship with
any of these platform providers), that platform provider could limit or discontinue our access to the platform or we may be exposed to
liability or litigation. If these third-party platforms and online payment service providers otherwise experience issues that impact the
ability of gamers to download or access our games, it could materially and adversely affect our brands and reputation, as well as our
business, financial condition, and results of operations.

Our success depends on Jacky Choo See Wee, our Group Chairman and CEO of Epicsoft Asia, and our senior management team. Loss of Mr. Choo’s leadership or services from any of our senior management team could have a material adverse effect on our business, financial condition and results of operations.

Our success to date was largely attributable to the leadership of industry
veteran, Mr. Jacky Choo See Wee, our Group Chairman and CEO of Epicsoft Asia. We rely on Mr. Choo for our continued growth and
operation