Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 41

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 41
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 terms, it
may be difficult to evaluate the outcome of administrative and court proceedings and the level of legal protection we may enjoy in many
of the jurisdictions and localities in which we operate. Moreover, local courts may have broad discretion to reject enforcement of foreign
awards. These uncertainties may affect our judgment on the relevance of legal requirements and its ability to enforce our contractual
rights or tort claims. In addition, the regulatory uncertainties may be exploited through unmerited or frivolous legal actions or threats
in attempts to extract payments or benefits from us.

It is possible that a number
of laws and regulations may be adopted or construed to apply to us in Asia and elsewhere that could restrict our business segments. Scrutiny
and regulation of the business segments in which we operate may further increase, and we may be required to devote additional legal and
other resources to addressing these regulations. Changes in current laws or regulations or the imposition of new laws and regulations
in Asia or elsewhere regarding our business segments may slow the growth of our business segments and adversely affect its business,
financial condition, results of operations and prospects.

We could face uncertain tax liabilities in various jurisdictions where we operate, and suffer adverse financial consequences as a result.

Our management believes
we are in compliance with all applicable tax laws in the various jurisdictions where we are subject to tax, but its tax liabilities could
be uncertain, and we could suffer adverse tax and other financial consequences if tax authorities do not agree with our interpretation
of the applicable tax laws.

Although GCL is a holding
company incorporated as an exempted company under the laws of the Cayman Islands, the GCL Group collectively operates in multiple tax
jurisdictions and pays income taxes according to the tax laws of these jurisdictions. Various factors, some of which are beyond our control,
determine its effective tax rate and/or the amount we are required to pay, including changes in or interpretations of tax laws in any
given jurisdiction and changes in geographical allocation of income. We accrue income tax liabilities and tax contingencies based upon
its best estimate of the taxes ultimately expected to be paid after considering its knowledge of all relevant facts and circumstances,
existing tax laws, its experience with previous audits and settlements, the status of current tax examinations and how the tax authorities
view certain issues. Such amounts are included in income taxes payable or deferred income tax liabilities, as appropriate, and are updated
over time as more information becomes available.

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Our management believes
that we are filing