Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 32

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 32
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 for devices and platforms using
relatively limited resources and with relatively limited start-up time or expertise. The proliferation of titles in these open developer
channels makes it difficult for us to compete for gamers without substantially increasing our marketing expenses. Our game titles also
compete with other forms of entertainment, such as social media and casual games, in addition to motion pictures, television and audio
and video products featuring similar themes, online computer programs and other entertainment, which may be less expensive or provide
other advantages to consumers. Increasing competition could result in loss of gamers, increasing gamer acquisition and retention costs,
and loss of talent, all of which could harm our business, financial condition or results of operations.

We intend to grow our business through strategic acquisitions, investments, and joint ventures that involve numerous risks and uncertainties.

We intend to grow our business
through strategic transactions, including acquisitions, investments, and joint ventures, that involve numerous risks and uncertainties.
We have previously closed several such transactions, including the acquisition of Martiangear, Starry Jewelry and 2Game, and are currently
in the process of completing our acquisition of Ban Leong, and in the future expect to continue to be in, various stages of seeking,
evaluating, and pursuing additional strategic transactions in Asia. These transactions often require unique approaches to integration
due to, among other reasons, the structure of the transactions, the locations, and cultural differences among the other company’s
teams and ours, and have required and will continue to require significant attention from our management team. If we are unable to obtain
the anticipated benefits from these transactions, or if we encounter difficulties in integrating any acquired operations with our business,
our financial condition and results of operations could be materially harmed.

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Challenges and risks from
such acquisitions, investments, and joint ventures include:

| ● | our ability to identify, compete effectively for, or complete suitable acquisitions and investments 
 at prices we consider attractive;                                                                   |

| ● | our ability to estimate accurately the financial effect of acquisitions and investments on our business,                          
 our ability to estimate accurately any synergies or the impact on our results of operations of such acquisitions and investments; |

| ● | acquired products, technologies or capabilities, particularly with respect to any that are still                                     
 in development when acquired, may not perform as expected, may have defects, or may not be integrated into our business as expected; |

| ● | acquired entities or joint ventures may not achieve expected business growth or operate profitably,