Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 33

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 33
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 or to be implemented, may have an adverse effect on our resellers’ business, financial
condition, results of operations and growth prospects. Furthermore, as uncertainties remain regarding the development, interpretation
and implementation of notices, laws and regulations, our resellers may become subject to additional compliance costs and liabilities under
such laws and regulations and our resellers may be ordered to rectify or terminate any actions that are deemed illegal by regulatory authorities.
Our resellers may also become subject to fines and/or other sanctions which may have material adverse effect on our business, operations
and financial condition.

Any lack of requisite approvals, licenses, or permits applicable to our resellers’ business may have a material and adverse impact on our resellers’ business, financial condition, and results of operations.

In accordance with the relevant
laws and regulations in jurisdictions in which our resellers operate, our resellers are required to maintain various approvals, licenses,
and permits to operate their business, including but not limited to business license, online publishing service license, publishing electronic
publications license, and value-added telecommunications business license. These approvals, licenses, and permits are obtained upon satisfactory
compliance with, among other things, the applicable laws and regulations.

If our resellers fail to
obtain the necessary licenses, permits and approvals, they may be subject to fines, confiscation of revenues generated from incompliance
operations, or the suspension of relevant operations. The games that we distribute may also experience adverse publicity arising from
such non-compliance with government regulations that negatively impacts its brand. Our resellers may experience difficulties or failures
in obtaining the necessary approvals, licenses, and permits for new spaces or new service offerings. If our resellers fail to obtain the
material licenses, our game offerings and business activities could be severely delayed in the PRC market. In addition, there can be no
assurance that our resellers will be able to obtain, renew, and/or convert all of the approvals, licenses, and permits required for its
existing business operations upon their expiration in a timely manner or at all, which could adversely affect our resellers’ business
operations.

Risks Related to GCL Operating as a Public Company

GCL Group’s management team has limited experience managing a public company.

The members of GCL Group’s
management team have limited or no experience managing a publicly-traded company, interacting with public company investors, and complying
with the increasingly complex laws, rules and regulations that govern public companies. There are significant obligations it will now