Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 90

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 90
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 eliminating the production or supply of goods or services; and (iv) bid-rigging.

The second conduct rule prohibits
the abuse of market power. It provides that an undertaking that has a substantial degree of market power in a market must not abuse such
power by engaging in conduct that has as its object or effect the prevention, restriction or distortion of competition in Hong Kong. This
conduct may in particular, constitute an abuse of such market power if it involves predatory behavior towards competitors or limiting
production, markets or technical development to the prejudice of consumers. Matters that may be taken into consideration when determining
whether an undertaking has a substantial degree of market power in a market include (i) the market share of the undertaking; (ii) the
undertaking’s power to make pricing and other decisions; and (iii) any barriers to entry to competitors into the relevant market.

The first conduct rule and the
second conduct rule apply to all sectors of the Hong Kong economy. Therefore, the Hong Kong subsidiaries’ business is subject to
Competition Ordinance generally.

In the event of contravention
of a competition rule, the Competition Tribunal may (i) on application by the Competition Commission, impose pecuniary penalty of
any amount it considers appropriate subject to a maximum of 10% of the turnover of the undertaking concerned for each year in which the
contravention occurred for each single contravention (if the contravention occurred in more than three years, 10% of the turnover
of the undertaking for the three years that saw the highest, second highest and third highest turnover); (ii) on application
by the Competition Commission, make an order disqualifying a person from being a director of a company or from otherwise being concerned
in the affairs of a company; and (iii) make orders it considers appropriate, including but not limited to prohibiting an entity from
making or giving effect to an agreement, requiring modification or termination of an agreement, requiring payment of damages to a person
who has suffered loss or damage as a result of the contravention.

Regulations Related to Data Privacy

The Personal Data (Privacy) Ordinance
(Chapter 486 of the Laws of Hong Kong) (“PDPO”), imposes a statutory duty on data users to comply with the requirements
of the six data protection principles contained in Schedule 1 to the PDPO. The PDPO provides that a data user shall not do an act,
or engage in a practice, that contravenes the six data protection