Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 32

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 32
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 cited for reference but have limited precedential
value. The legal system in China evolves rapidly and new laws, regulations and rules may be adopted from time to time with or without
advance notice. These laws, regulations, and legal requirements are constantly changing and their interpretation and enforcement involve
inconsistency and uncertainties. In addition, the enforcement of laws and that rules and regulations in China can change quickly with
little advance notice. These uncertainties could limit the legal protections available to us. Further, the PRC government has significant
oversight and discretion over the conduct of our business in Hong Kong and may intervene or influence our operations as the government
deems appropriate to further regulatory, political and societal goals. Please refer to “Business — Regulations Applicable to the Company – Regulations in Hong Kong” for further information.

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We cannot predict the effect
of future developments in the PRC legal system, particularly with regard to internet-related industries, including the promulgation of
new laws, changes to existing laws or the interpretation or enforcement thereof, or the preemption of local regulations by national laws.
Such unpredictability towards its contractual, property (including intellectual property) and procedural rights could adversely affect
our business and impede our ability to continue its operations. Any such intervention in or influence on our business operations or action
to exert more oversight and control over securities offerings and other capital markets activities, once taken by the PRC government,
could adversely affect our business, financial condition and results of operations and the value of the GCL’s securities.

The gaming industry in China is subject to a variety of PRC laws and regulations, many of which are unsettled and still developing, and which could subject us or our resellers to claims or otherwise harm our business, financial condition, results of operations and growth prospects.

The gaming industry is subject
to a variety of laws in China, including but not limited to those regarding gaming, consumer protection, electronic marketing, competition,
taxation, intellectual property, export and national security, which are continuously evolving and developing. The scope and interpretation
of the laws are or may be applicable to the gaming industry are often uncertain and may be conflicting. There is a risk that existing
or future laws may be interpreted in a manner that is not consistent with the gaming industry’s current practices and could have
an adverse effect on us or our resellers’ business, financial condition, results of operations and growth prospects.

These developments and other
developments or regulations, whether existing