Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 1

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 1
---
 our ability to sell commercially successful “hit”
game titles or sequels to such “hit” titles. If we experience any delays in product releases or disruptions following the
commercial release of our “hit” titles or their sequels, our operating results will be materially adversely affected. Since
our distribution agreements typically require us to commit to a minimum order quantity per game title, we may even experience a loss if
demand for the games we distribute falls short of our expectations. Although we are currently one of the biggest video game distributors
in Asia, there is no assurance that we can continue to maintain our market leading position in the game distribution industry in Asia
if we fail to meet these minimum purchase commitments in our distribution agreements with game publishers. Our brand will also suffer
if we fail to continue to distribute and publish consistently high quality and well-received game products and services, and as a result,
our revenue and profitability may decline.

The success of our games
depends, in part, on unpredictable and constantly changing factors beyond our control including consumer preferences and spending habits,
competing games and the availability of other entertainment experiences. If the games we distribute do not meet consumer expectations,
or if new games are not brought to market by us in a timely and effective manner, our ability to grow revenue and our financial performance
will be adversely affected.

Our ability to successfully
distribute and sell games to resellers and their ability to achieve commercial success will depend on our ability to:

  effectively market the games to existing and new gamers;  

  adapt to changing gamers’ preferences and spending habits;  

  attract, retain and motivate and talented game designers and developers;  

  efficiently manage the distribution and publishing of new games and features;  

  achieve and maintain successful customer engagement                                   

  maintain an engaging gaming experience and retain our gamers;  

  compete successfully against a large and growing number of existing market participants;  

  accurately forecast the timing and expense of our                                                                                  

  minimize and quickly identify bugs or outages as a game publisher.  

These and other uncertainties
make it difficult to know whether we will succeed in continuing to distribute or publish successful games, and launch new games and features
in accordance with our operating plan. If we do not succeed in doing so, our business, financial condition, results of operations or reputation
will suffer.

Our ability to acquire and maintain licenses
to intellectual property through distribution agreements with game publishers may affect our revenue and profitability.

Our video game distribution
business depends on the distribution agreements we enter into with