Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 50

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 50
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 continuously evolving and developing. The scope and interpretation
of the laws are or may be applicable to the gaming industry are often uncertain and may be conflicting. There is a risk that existing
or future laws may be interpreted in a manner that is not consistent with the gaming industry’s current practices and could have
an adverse effect on us or our resellers’ business, financial condition, results of operations and growth prospects.

These developments and other
developments or regulations, whether existing or to be implemented, may have an adverse effect on our resellers’ business, financial
condition, results of operations and growth prospects. Furthermore, as uncertainties remain regarding the development, interpretation
and implementation of notices, laws and regulations, our resellers may become subject to additional compliance costs and liabilities under
such laws and regulations and our resellers may be ordered to rectify or terminate any actions that are deemed illegal by regulatory authorities.
Our resellers may also become subject to fines and/or other sanctions which may have material adverse effect on our business, operations
and financial condition.

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Any lack of requisite approvals, licenses, or permits applicable to our resellers’ business may have a material and adverse impact on our resellers’ business, financial condition, and results of operations.

In accordance with the relevant
laws and regulations in jurisdictions in which our resellers operate, our resellers are required to maintain various approvals, licenses,
and permits to operate their business, including but not limited to business license, license related to content offerings, radio and
TV programs production and operation license, and value-added telecommunications license. These approvals, licenses, and permits are obtained
upon satisfactory compliance with, among other things, the applicable laws and regulations.

If our resellers fail to obtain
the necessary licenses, permits and approvals, they may be subject to fines, confiscation of revenues generated from incompliance operations,
or the suspension of relevant operations. The games that we distribute may also experience adverse publicity arising from such non-compliance
with government regulations that negatively impacts its brand. Our resellers may experience difficulties or failures in obtaining the
necessary approvals, licenses, and permits for new spaces or new service offerings. If our resellers fail to obtain the material licenses,
our game offerings and business activities could be severely delayed in the PRC market. In addition, there can be no assurance that our
resellers will be able to obtain, renew, and/or convert all of the approvals, licenses, and permits required for its existing business
operations