Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 115

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 115
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 breach is notifiable and notify the PDPC and,
unless exceptions apply, the affected individuals of the data breach, if the data breach is assessed to be one that (a) is likely
to result in significant harm or impact to the individuals to whom the information relates, or (b) is, or is likely to be, of a
significant scale. Other obligations include accountability, retention and requirements around the overseas transfers of personal data.

In addition, Do-Not-Call
(“DNC”) requirements require organizations to check “Do-Not-Call” registries prior to 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,