Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 139

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 139
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 that a data user shall not do an act, or
engage in a practice, that contravenes the six data protection principles unless the act or practice, as the case may be, is required
or permitted under the PDPO. The six data protection principles are:

(a) Principle 1 — purpose and manner of collection
of personal data;

(b) Principle 2 — accuracy and duration of retention
of personal data;

(c) Principle 3 — use of personal data;

(d) Principle 4 — security of personal data;

(e) Principle 5 — information to be generally available;
and

(f) Principle 6 — access to personal data.

Non-compliance with a data protection principle
may lead to a complaint to the Privacy Commissioner for Personal Data (the “Privacy Commissioner”). The Privacy
Commissioner may serve an enforcement notice to direct the data user to remedy the contravention and/ or instigate prosecution actions.
A data user who contravenes an enforcement notice commits an offense which may lead to a fine and imprisonment.

The PDPO also gives data subjects certain rights, inter alia:

| (i) | the right to be informed by a data user whether the data              
 user holds personal data of which the individual is the data subject; |

| (ii) | if the data user holds such data, to be supplied with a copy 
 of such data; and                                            |

| (iii) | the right to request correction of any data they consider 
 to be inaccurate.                                         |

The PDPO criminalizes certain uses, including, but
not limited to, the misuse or inappropriate use of personal data in direct marketing activities, non-compliance with a data access request
and the unauthorized disclosure of personal data obtained without the relevant data user’s consent. An individual who suffers damage,
including injured feelings, by reason of a contravention of the PDPO in relation to his or her personal data may seek compensation from
the data user concerned.

Regulations on Foreign Investment, Exchange Control and Dividend Distribution

There are no restrictions on foreign investments
or foreign ownership applicable to the businesses currently conducted by our Hong Kong subsidiaries. There are also no foreign exchange
controls currently in force in Hong Kong, and the Hong Kong dollar is freely convertible into other currencies. Our Hong Kong subsidiaries
are not restricted in their ability to pay dividends.

Regulations Related to Hong Kong Taxation

Under the Inland Revenue Ordinance (Chapter 112
of the Laws of Hong Kong), where an employer commences to