Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 111

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 111
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 things, the Unfair Contract Terms Act 1977 of Singapore prohibits the exclusion
or restriction of liability for death or personal injury caused by negligence in all contracts. It also prevents sellers/service providers
from excluding or limiting their liability for a breach of contract, unless it is reasonable for them to do so. The Unfair Contract Terms
Act 1977 also circumscribes the limitation of liability in relation to certain implied terms in respect of goods purchased.

The Singapore Code of Advertising
Practice (the “SCAP”) is a code of practice set out by the Advertising Standards Authority of Singapore (the
“ASAS”) prescribing general principles applicable to advertisements, which include decency, honesty and truthful
presentation, and contains guidelines relating to specific services/products. While the SCAP has no force of law, a breach of the SCAP
may lead to ASAS referring the matter to the Consumers Association of Singapore for actions under the Consumer Protection (Fair Trading)
Act 2003 of Singapore if an advertiser has repeatedly violated the SCAP by marketing false, misleading or unsubstantiated claims. The
ASAS has also issued additional guidelines from time to time, such as the Guidelines for Interactive Marketing Communication & Social
Media, which emphasizes that marketing communication should be clearly distinguishable from editorial and personal opinion and should
not take the form of social media content that appears to originate from a credible and impartial source, and the Guidelines on Advertising
of Investments, which aim to minimize investments-related advertisement with claims that are speculative, misleading or not substantiable.

The Spam Control Act 2007
of Singapore, as administered by the IMDA regulates the sending or receiving of unsolicited bulk commercial electronic messages, or “spam”,
in Singapore It imposes certain requirements on the sending or receiving of unsolicited bulk commercial electronic messages, or “spam,”
in Singapore and applies to emails and text messages that have a Singapore nexus. Electronic messages must have an “unsubscribe
facility” or “opt-out” function, and the recipient should be removed from the distribution list within 10 business
days after submitting an opt-out request. Any person who suffers loss or damage as a result of any violation of the foregoing requirements
is entitled to institute legal action, and the court may grant injunctions, damages or statutory damages.

Regulations on Internet Content

Under the Broadcasting Act
1994 of Singapore (“Broadcasting Act”), no licensable broadcasting services in or from Singapore can be provided
unless a broadcasting license has been granted by the IMDA. “Computer online services