Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 22

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 22
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 Related to the Company’s International Operations, Legal and Regulatory Matters

| ● | Our                                                                                          
 business is subject to numerous legal and regulatory risks that could have an adverse impact 
 on our business and prospects.                                                               |

| ● | Our                                                                                       
 international operations are, and our strategy to expand internationally will be, subject 
 to increased challenges and risks.                                                        |

| ● | Any                                                                                           
 failure by us or our vendors to comply with applicable anti-money laundering or other related 
 laws and regulations could damage its business, reputation, financial condition, and results  
 of operation, or subject it to other risks.                                                   |

| ● | We                                                                    
 are subject to risks associated with operating and investing in Asia. |

| ● | Our                                                                                       
 revenue and net income may be materially and adversely affected by any economic slowdown  
 or developments in the social, political, regulatory and economic environments in Asia as 
 well as globally.                                                                         |

| ● | Uncertainties                                                                                
 with respect to the legal system in certain markets in Southeast Asia could adversely affect 
 GCL Companies.                                                                               |

| ● | We                                                                                         
 could face uncertain tax liabilities in various jurisdictions where we operate, and suffer 
 adverse financial consequences as a result.                                                |

| ● | Companies                                                                                          
 and governmental agencies may restrict access to platforms, our website or the Internet generally, 
 which could lead to the loss or slower growth of our gamer base.                                   |

Risks Related to the Company Operating in China

| ● | The                                                                                          
 uncertainties and quick change of the legal system in China with little advance notice could 
 limit the legal protections available or impose additional requirements and obligations on   
 our business operation in China and Hong Kong, which may materially and adversely affect     
 our business, financial condition, and results of operations.                                |

| ● | The                                                                                              
 gaming industry in China is subject to a variety of PRC laws and regulations, many of which      
 are unsettled and still developing, and which could subject us or our resellers to claims        
 or otherwise harm our business, financial condition, results of operations and growth prospects. |

| ● | Any                                                                                     
 lack of requisite approvals, licenses, or permits applicable to our resellers’ business 
 may have a material and adverse impact on our resellers’ business, financial condition, 
 and results of operations.                                                              |

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Risks Related to PubCo Operating as a Public Company

| ● | GCL                                                                       
 Group’s management team has limited experience managing a public company. |

| ● |