Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 25

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 25
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 cause gamers to delete
our games once the file size grows beyond the capacity of their devices’ storage limitations or could reduce the number of downloads
of these games. If our platform providers do not perform their obligations in accordance with our platform agreements, we could be adversely
impacted. For example, in the past, some of these platform providers have been unavailable for short periods of time, unexpectedly changed
their terms or conditions or experienced issues. If any of our third-party service providers is unable to process payments, even for
a short period of time, our business could be harmed. These platforms and our third-party online payment service providers may also experience
security breaches or other issues with their functionalities. In addition, if we violate, or a platform provider believes we have violated,
its terms of service, policies, or standard publisher agreements (or if there is any change or deterioration in our relationship with
any of these platform providers), that platform provider could limit or discontinue our access to the platform or we may be exposed to
liability or litigation. If these third-party platforms and online payment service providers otherwise experience issues that impact
the ability of gamers to download or access our games, it could materially and adversely affect our brands and reputation, as well as
our business, financial condition, and results of operations.

<div align='center'>10</div>

Our success depends on Jacky Choo See Wee, our Group Chairman and CEO of Epicsoft Asia, and our senior management team. Loss of Mr. Choo’s leadership or services from any of our senior management team could have a material adverse effect on our business, financial condition and results of operations.

Our success to date was
largely attributable to the leadership of industry veteran, Mr. Jacky Choo See Wee, our Group Chairman and CEO of Epicsoft Asia. We rely
on Mr. Choo for our continued growth and operation, and the continued development of our strategic direction, based on his experience
and connections in the industry in Asia.

We have an experienced senior
management team comprised of Sebastian Toke, our GCL Group CEO, Keith Liu Min Tzau, our Group Deputy CEO and Group Chief Marketing Officer,
Kenny Lin Yuxin, our Group Chief Financial Officer, and Catherine Choo See Ling, our Group Chief Operating Officer. Together, they are
responsible for directing and managing daily operations in all aspects of our business, monitoring and supervising compliance and risk
management, overseeing financial condition and performance, managing relationships with