Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 89

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 89
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 things, the protection of the
wages of employees and the regulation of the general conditions of employment and employment agencies. Under the EO, an employee is generally
entitled to, among other things, notice of termination of his or her employment contract, payment in lieu of notice, maternity protection
in the case of a pregnant employee, sickness allowance, statutory holidays or alternative holidays and paid annual leave.

Under the Mandatory Provident
Fund Schemes Ordinance (Chapter 485 of the Laws of Hong Kong) (the “MPFSO”), employers must participate
in a Mandatory Provident Fund (the “MPF”) Scheme for employees employed under the jurisdiction of the EO. Under
the MPF Scheme, generally, the employer and its employees are each required to make contributions to the plan at 5% of the employees’
relevant income, subject to a cap of monthly relevant income of HK$30,000.

Employers are also required to
maintain a policy of insurance issued by an insurer for an amount not less than the applicable amount stated in the Employees’ Compensation
Ordinance (Chapter 282 of the Laws of Hong Kong) (the “ECO”) in respect of work-related injuries. According
to the ECO, the insured amount shall be not less than HK$100,000,000 per event if a company has no more than 200 employees.

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Regulations Related to Anti-competition

The Competition Ordinance (Chapter
619 of the Laws of Hong Kong) (i) prohibits conduct that prevents, restricts or distorts competition in Hong Kong; (ii) prohibits
mergers that substantially lessen competition in Hong Kong; and (iii) provides for incidental and connected matter.

The first conduct rule prohibits
anti-competitive agreements, practices and decisions. It provides that an undertaking must not (i) make or give effect to an agreement;
(ii) engage in a concerted practice; or (iii) as a member of an association of undertakings, make or give effect to a decision
of the association, if the object or effect of the agreement, concerted practice or decision is to prevent, restrict or distort competition
in Hong Kong. Serious anti-competitive conduct includes (i) fixing, maintaining, increasing or controlling the price for the supply
of goods or services; (ii) allocating sales, territories, customers or markets for the production or supply of goods or services;
(iii) fixing, maintaining, controlling, preventing, limiting or