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

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 31
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 and governmental agencies may restrict access to platforms, our website or the Internet generally, which could lead to the loss or slower growth of our gamer base.

Our gamers generally need
to access the Internet. Access to the Internet in a timely fashion is necessary to provide a satisfactory gamer experience to the gamers
of our games. Companies and governmental agencies could block access to any platform, our website, or the Internet generally, or could
limit the speed of data transmissions, for a number of reasons such as security or confidentiality concerns or regulatory reasons. In
addition, telecommunications companies may implement certain measures, such as increased cost or restrictions based on the type or amount
of data transmitted, that would impact gamers’ ability to access our games. If companies or governmental entities block or limit
such access or otherwise adopt policies restricting gamers from playing our games, our business could be negatively impacted and could
lead to the loss or slower growth of our gamer base.

Risks Related to the Company Operating in China

The uncertainties and quick change of the legal system in China with little advance notice could limit the legal protections available or impose additional requirements and obligations on our business operation in Hong Kong, which may materially and adversely affect our business, financial condition, and results of operations.

Although we are based in
Singapore and our major markets are in Southeast Asia, we have recently formed a wholly-owned subsidiary in Hainan province in China to
support our collaboration efforts with game developers and a game platform in China, a wholly-owned subsidiary in the U.K. to support
our game publishing and game development business in Europe, and a wholly-owned subsidiary in Japan to support our game publishing and
game development business in Japan. Following our acquisition of Ban Leong, we will have operations in Thailand and expanded operations
in Malaysia. We are subject to certain risks related to operating business in China. Epicsoft Hong Kong and 2Game, two of the Group Subsidiaries,
are located in Hong Kong. The PRC government currently does not directly govern the manner in which Epicsoft Hong Kong and 2Game conduct
their business activities outside of mainland China. However, despite the current Hong Kong legal environment of “One Country, Two
Systems,” the PRC government may still exert substantial influence, discretion, oversight, and control over the manner in which
Hong Kong-based companies must conduct their business activities. The PRC legal system is a civil law system based on written statutes.
Unlike the common law system, prior court decisions under the civil law system may be