Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 16

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 16
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 and profitability.                                                                                                    |

| ● | The                                                                                        
 increasing importance of digital content delivery exposes us to the risks of that business 
 model, including greater competition from online and mobile games.                         |

| ● | We                                                                                                   
 rely on our sales channel partners some of whom influence the fee structures for online distribution 
 of our games on their platforms.                                                                     |

| ● | We                                                                                            
 rely on third-party retailers to distribute our games and collect revenues generated on their 
 websites or other e-commerce websites and third-party platforms.                              |

| ● | 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.                                                        |

| ● | A                                                                                                                                 
 limited number of customers account for a significant portion of our sales. The loss of a principal customer or other significant 
 business relationship could seriously hurt our business.                                                                          |

| ● | Increased                                                                                                                          
 competition for limited shelf space and promotional support from retailers could affect the success of our business and require us 
 to incur greater expenses to market our titles.                                                                                    |

| ● | Our                                                                                      
 publishing business is partly dependent on our ability to enter into successful software 
 development arrangements with third parties.                                             |

| ● | We                                                                                         
 have engaged, and expect to engage, third-party game development companies to co-develop,  
 co-publish or operate certain games, and if they fail to perform as expected, our business 
 may suffer.                                                                                |

| ● | If                                                                                                                                      
 we do not successfully invest in, establish and maintain awareness of our brands and games, or if we incur excessive expenses promoting 
 and maintaining our brands or our games, our business, financial condition, results of operations, or reputation could be harmed.       |

| ● | The                                                                                                                         
 video game industry is very competitive. If consumers prefer our competitors’ games over the ones we distribute or develop, 
 our operating results could suffer.                                                                                         |

| ● | We                                                                                          
 intend to grow our business through strategic acquisitions, investments, and joint ventures 
 that involve numerous risks and uncertainties.                                              |

| ● | If                                                                                                 
 we fail to manage our growth effectively, our business, financial condition, results of operations 
 and prospects could be materially and adversely affected.                                          |

| ● | We                                                                                            
 plan to raise additional funds through sale of equity or