Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 116

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 116
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 private companies with more than 50 shareholders and significant net tangible assets.

The Singapore Takeover Code
sets out the legal and procedural framework for takeovers, including requirements relating to mandatory offers, pricing, disclosures,
offer documentation, shareholder treatment, and timelines. Where applicable, we are required to comply with the Singapore Takeover Code
in connection with any takeover or merger offer involving a Singapore target company.

Regulations in Malaysia

We conduct business in Malaysia
through our subsidiary, Epicsoft Malaysia, which is primarily engaged in the marketing and retail distribution of video games and related
products in Malaysia.

Regulations on Business Registration

A person who desires to
form a company shall apply for incorporation, pursuant to the provisions of the Companies Act 2016 of Malaysia (the “Malaysian Companies Act”), with the Companies Commission of Malaysia. The Local Government Act 1976 of Malaysia empowers every local
authority to make, amend or revoke any by-laws in respect of the local government area, and to grant any licence or permit of any trade,
occupation or premises and such licence shall be subject to such conditions and restrictions as the local authority may prescribe. As
such, prior to the commencement of our business operations in Malaysia, we are required to apply for business premises licenses for each
operating premise from the relevant local authority. We have registered our Malaysia subsidiary in accordance with the Malaysian Companies
Act and have obtained the business premises license from the local authority.

Regulations on Labor and Employment

Employment and industrial
relations in Malaysia are mainly governed by the Employment Act 1955 of Malaysia (the “Malaysian Employment Act”).
The requirements under the Malaysia Employment Act apply to all employees that enter into a contract of service regardless of wages (except
that, for certain prescribed categories of employees such as employees earning more than RM4,000 per month, provisions in the Malaysia
Employment Act relating to, among other things, overtime payments and termination benefits do not apply). Both employees and employers
in Malaysia are required to contribute toward the Employees Provident Fund, the Employment Insurance System and the Employees Social
Security Fund. The contributions are premised on the statutorily prescribed rates under the Employees Provident Fund Act 1991 of
Malaysia, Employment Insurance System Act 2017 of Malaysia and Employees’ Social Security Fund Act 1969 of Malaysia.

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Worker Classification

Under Malaysian law, an
“employee” means a person engaged under a contract of service while an