Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 124

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 124
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 an offence for a person to reproduce any obscene or objectionable publication knowing or having reason to believe that it is obscene       
 or objectionable.                                                                                                                          |

| (ii) | Foreign Interference (Countermeasures) Act 2021 (“FICA”):                                                                                        
 The FICA is intended to counteract foreign interference in the public interest. Under the FICA, it would be an offence to, inter                 
 alia, undertake (or prepare or plan to undertake) “electronic communications activity” in or outside Singapore that results                      
 in or involves the publication in Singapore of any information/material on behalf of (i) a foreign principal or (ii) another                     
 person acting on the foreign principal’s behalf, where any part of the undertaking or electronic communications activity is covert               
 or involves deception, and with knowledge or reason to believe that the electronic communications activity or the published information/material 
 is likely to be prejudicial to the security of Singapore or any part of Singapore.                                                               |

| (iii) | The Online Safety (Miscellaneous Amendments) Act 2022 (the                                                                                     
 “OSA”): The OSA seeks to amend the Broadcasting Act 1994 to introduce a new Part 10A, which will regulate                                      
 online communication services (“OCSs”) provided to Singapore end-users and listed in a new schedule under the                                  
 Broadcasting Act 1994. These regulations will apply to OCSs provided from outside Singapore as well as services provided in or from Singapore. 
 At present, only one type of OCS is specified, namely social media services (“SMS”). An SMS is defined as an                                   
 electronic service whose sole or primary purpose is to enable online interaction or linking between two or more end-users, including           
 enabling end-users to share content for social purposes, and which allows end-users to communicate content on the service. Under the           
 new Part 10A, (i) providers of OCSs with significant reach or impact (as designated by the IMDA) are to comply with the IMDA’s                 
 codes of practice; and (ii) if the IMDA is satisfied that any egregious content provided on an OCS can be accessed by Singapore                
 end-users, IMDA can, among others, issue directions to the OCS provider to disable access to the egregious content by Singapore end-users,     
 and stop the egregious content from being transmitted to Singapore end-users via other channels or accounts (though such directions cannot     
 be issued in respect of private communications due to privacy concerns). Non-compliance with