Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 118

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 118
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 sending marketing
messages addressed to Singapore telephone numbers, through voice calls, fax or text messages, unless clear and unambiguous consent to
such marketing was obtained from the individual.

Non-compliance with the
Singapore PDPA may attract financial penalties or even criminal liability. The PDPC has broad powers to give any such directions as it
thinks fit to ensure compliance, which include requiring an organization to pay a financial penalty. In this connection: (i) in
the case of contravention of the parts of the Singapore PDPA which sets out the obligations of organizations relating to data protection
(including the obligation to protect and care for personal data, and to conduct assessments of data breaches), the maximum financial
penalty that may be imposed: (a) on an organization whose annual turnover in Singapore exceeds S$10 million is 10% of the organization’s
annual turnover in Singapore, if the contravention occurs on or after October 1, 2022; and (b) in any other case is S$1 million;
and (ii) in the case of contravention of the DNC requirements, the maximum financial penalty that may be imposed is S$1 million.

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Regulations on Foreign Investment and Exchange Control

Singapore does not have
an umbrella regime for regulating foreign investment. Instead, foreign investment is regulated (if at all) by sector. Singapore imposes
no significant restrictions on the repatriation of earnings and capital, or on remittances, foreign exchange transactions and capital
movements.

Regulations on Takeovers and Mergers

Takeovers and mergers of
Singapore companies are regulated by the Singapore Code on Take-overs and Mergers (the “Singapore Takeover Code”),
which is administered by the Securities Industry Council of Singapore (the “SIC”). The Singapore Takeover Code applies to
both public companies and, in some cases, private companies with more than 50 shareholders and significant net tangible assets.

The Singapore Takeover Code
sets out the legal and procedural framework for takeovers, including requirements relating to mandatory offers, pricing, disclosures,
offer documentation, shareholder treatment, and timelines. Where applicable, we are required to comply with the Singapore Takeover Code
in connection with any takeover or merger offer involving a Singapore target company.

Regulations in Malaysia

We conduct business in Malaysia
through our subsidiary, Epicsoft Malaysia, which is primarily engaged in the marketing and retail distribution of video games and related
products in Malaysia.