Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 36

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 36
---
 subject to any inquiry, investigation, or even penalty from regulatory agencies in the future. In the event that a regulatory agency in one of the countries or jurisdictions initiates action against us, it may lead to other regulators taking similar actions. 18 Our actual or perceived failure to comply with applicable regulation could expose it to regulatory actions, including, but not limited to, potential fines, orders to temporarily or permanently cease all or some of our business activities. Any such actions could materially and adversely affect our business, financial condition, results of operations and prospects. Our international operations are, and our strategy to expand internationally will be, subject to increased challenges and risks. Continuing to expand our business to attract gamers outside of Asia is an important growth strategy of ours. Our ability to expand our business and to attract gamers and talented employees in other international markets we may enter will require considerable management attention and resources and is subject to the particular challenges of supporting a rapidly growing business in an environment of multiple languages, cultures, customs, economics, legal systems, alternative dispute systems, regulatory systems, and commercial infrastructures. Expanding our international focus may subject us to risks that we have not faced before or increase risks that we currently face, including risks associated with:

| ● | inability to offer certain games in certain foreign countries; |

| ● | recruiting and retaining talented and capable management and employees in foreign 
 countries;                                                                        |

| ● | challenges caused by distance, language, and cultural differences; |

| ● | developing and customizing games and other offerings that appeal to the tastes 
 and preferences of gamers in international markets;                            |

| ● | competition from local game makers with intellectual property rights and significant 
 market share in those markets and with a better understanding of gamer preferences;  |

| ● | obtaining, utilizing, protecting, defending, and enforcing our intellectual 
 property rights;                                                            |

| ● | negotiating agreements with local distribution platforms that are sufficiently 
 economically beneficial to us and protective of our rights;                    |

| ● | 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