Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 40

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 40
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 Asian markets, governments continue to play a significant role in regulating industry development by imposing industrial
policies. Moreover, some local governments also exercise significant control over the economic growth and public order in their respective
jurisdictions through allocating resources, controlling payment of foreign currency-denominated obligations, setting monetary policies,
and providing preferential treatment to particular industries or companies.

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While the Asia economy,
as a whole, has experienced significant growth over the past decades, growth has been uneven, both geographically and among various sectors
of the economy. Any adverse changes in economic conditions in Asia, or in the policies of the governments or of the laws and regulations
in each respective market could have a material adverse effect on the overall economic growth of Asia. Such developments could adversely
affect our business and operating results, lead to reduction in demand for our game publishing and adversely affect our competitive position.
Many of the governments in Asia have implemented various measures to encourage economic growth and guide the allocation of resources.
Some of these measures may benefit the overall economy, but may have a negative effect on us. For example, our financial condition and
results of operations may be adversely affected by government control over foreign capital investments or changes in tax regulations.
Some Asia markets have historically experienced low growth in their GDP, significant inflation and/or shortages of foreign exchange.
We are exposed to the risk of rental and other cost increases due to potential inflation in the markets in which we operate. In the past,
some of the governments in Asia have implemented certain measures, including interest rate adjustments, currency trading band adjustments
and exchange rate controls, to control the pace of economic growth. These measures may cause decreased economic activity in Asia, which
may adversely affect our business, financial condition, results of operations and prospects.

In addition, some Asian
markets have experienced, and may in the future experience, political instability, including strikes, demonstrations, protests, marches,
coups d’état, guerilla activity or other types of civil disorder. These instabilities and any adverse changes in the political
environment could increase our costs, increase its exposure to legal and business risks, disrupt its office operations or affect its
ability to expand our user base.

Uncertainties with respect to the legal system in certain markets we operate in could adversely affect our operations.

The interpretation and enforcement
of laws and regulations involve uncertainties and inconsistencies. Since local administrative and court authorities and in certain cases,
independent organizations, have significant discretion in interpreting and implementing statutory provisions and contractual