Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 123

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 123
---
 in Singapore, which apply generally to all relevant transactions including electronic transactions, but are not specifically
targeted at regulating e-commerce operations. One or more of these laws would be relevant in the context of live streaming operations
or e-commerce operations.

The Consumer Protection (Fair Trading) Act 2003
of Singapore is the primary statute governing consumer protection which sets out a legislative framework prohibiting suppliers from engaging
in unfair practices in relation to transactions and to allow consumers aggrieved by unfair practices to have recourse to civil remedies
before the Singapore courts. The definition of supplier under the Consumer Protection (Fair Trading) Act 2003 of Singapore includes persons
who promote the use or purchase of goods or services. Suppliers may be held liable for engaging in unfair practices in relation to consumer
transactions. Unfair practices include, among other things, (i) doing or saying anything, or omitting to do or say anything, that
would reasonably deceive or mislead consumers, (ii) making a false claim, (iii) taking unreasonable advantage of a consumer,
or (iv) making various forms of misrepresentations to the consumer.

The Consumer Protection (Trade Descriptions and
Safety Requirements) Act 1975 of Singapore prohibits the use of false trade descriptions on goods supplied in the course of trade. Trade
descriptions include any description, statement or indication that directly or indirectly relates to the fitness for purpose, strength,
performance, behavior or accuracy of any goods. This prohibition applies to all persons in the course of business and would be applicable
in an e-commerce marketplace. Violations of the Consumer Protection (Trade Descriptions and Safety Requirements) Act 1975 of Singapore
are subject to criminal liability.

The Unfair Contract Terms Act 1977 of Singapore
generally regulates against unfair contract terms such as exclusion clauses and limitation of liability clauses in most consumer and standard
form contracts. Amongst other 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