Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 74

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 74
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 individuals of the data breach, if the data breach is assessed to be one that (a) is likely to result in significant
harm or impact to the individuals to whom the information relates, or (b) is, or is likely to be, of a significant scale. Other obligations
include accountability, retention and requirements around the overseas transfers of personal data.

In addition, Do-Not-Call (“DNC”)
requirements require organizations to check “ Do-Not-Call” registries prior to sending marketing messages addressed to Singapore
telephone numbers, through voice calls, fax or text messages, unless clear and unambiguous consent to such marketing was obtained from
the individual.

Non-compliance with the Singapore
PDPA may attract financial penalties or even criminal liability. The PDPC has broad powers to give any such directions as it thinks fit
to ensure compliance, which include requiring an organization to pay a financial penalty. In this connection: (i) in the case of
contravention of the parts of the Singapore PDPA which sets out the obligations of organizations relating to data protection (including
the obligation to protect and care for personal data, and to conduct assessments of data breaches), the maximum financial penalty that
may be imposed: (a) on an organization whose annual turnover in Singapore exceeds S$10 million is 10% of the organization’s
annual turnover in Singapore, if the contravention occurs on or after October 1, 2022; and (b) in any other case is S$1 million;
and (ii) in the case of contravention of the DNC requirements, the maximum financial penalty that may be imposed is S$1 million.

Regulations on Foreign Investment and Exchange
Control

Singapore does not have an umbrella
regime for regulating foreign investment. Instead, foreign investment is regulated (if at all) by sector. Singapore imposes no significant
restrictions on the repatriation of earnings and capital, or on remittances, foreign exchange transactions and capital movements.

Regulations on Takeovers and Mergers

Takeovers and mergers of Singapore
companies are regulated by the Singapore Code on Take-overs and Mergers (the “Singapore Takeover Code”), which
is administered by the Securities Industry Council of Singapore (the “ SIC”). The Singapore Takeover Code applies to both public
companies and, in some cases, private companies with more than 50 shareholders and significant net tangible assets.

The Singapore Takeover Code sets
out the legal and procedural framework