Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 24

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 24
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 which it operates.

In addition, since we operate
in different jurisdictions in Asia, we are subject to the risk that regulatory scrutiny or actions in one country may lead to other regulators
taking similar actions. We may enter into exclusive regional partnership agreements with our suppliers or customers. Although we are not
aware of any violations of competition laws in connection with our business model, we cannot assure you that we will not be subject to
any inquiry, investigation, or even penalty from regulatory agencies in the future. In the event that a regulatory agency in one of the
countries or jurisdictions initiates action against us, it may lead to other regulators taking similar actions.

<div align='center'>11</div>

Our actual or perceived failure
to comply with applicable regulation could expose it to regulatory actions, including, but not limited to, potential fines, orders to
temporarily or permanently cease all or some of our business activities. Any such actions could materially and adversely affect our business,
financial condition, results of operations and prospects.

Our international operations are, and our strategy to expand internationally will be, subject to increased challenges and risks.

Continuing to expand our
business to attract gamers outside of Asia is an important growth strategy of ours. Our ability to expand our business and to attract
gamers and talented employees in other international markets we may enter will require considerable management attention and resources
and is subject to the particular challenges of supporting a rapidly growing business in an environment of multiple languages, cultures,
customs, economics, legal systems, alternative dispute systems, regulatory systems, and commercial infrastructures.

Expanding our international
focus may subject us to risks that we have not faced before or increase risks that we currently face, including risks associated with:

| ● | inability to offer certain games in certain foreign countries; |

| ● | recruiting and retaining talented and capable management and employees in foreign countries; |

| ● | challenges caused by distance, language, and cultural differences; |

| ● | developing and customizing games and other offerings that appeal to the tastes and preferences of gamers in international markets; |

| ● | competition from local game makers with intellectual property rights and significant market share in those markets and with a better understanding of gamer preferences; |

| ● | obtaining, utilizing, protecting, defending, and enforcing our intellectual property rights; |

| ● | negotiating agreements with local distribution platforms that are sufficiently economically beneficial to us and protective of our rights; |

| ● | the inability to extend proprietary rights in our brand, content, or technology into new jurisdictions;