Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 17

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 17
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 convertible debt securities in order 
 to fuel business growth. We are or may be subject to contractual covenants which place        
 certain limitations on how we manage our business.                                            |

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Risks Related to the Company’s International Operations, Legal and Regulatory Matters

| ● | Our                                                                                                                         
 business is subject to numerous legal and regulatory risks that could have an adverse impact on our business and prospects. |

| ● | Our                                                                                       
 international operations are, and our strategy to expand internationally will be, subject 
 to increased challenges and risks.                                                        |

| ● | Changes                                                                                      
 in international trade policies, tariffs and treaties affecting imports and exports may have 
 a material adverse effect on our business.                                                   |

| ● | Any                                                                                                                                 
 failure by us or our vendors to comply with applicable anti-money laundering or other related laws and regulations could damage its 
 business, reputation, financial condition, and results of operation, or subject it to other risks.                                  |

| ● | We                                                                    
 are subject to risks associated with operating and investing in Asia. |

| ● | Our                                                                                                                                
 revenue and net income may be materially and adversely affected by any economic slowdown or developments in the social, political, 
 regulatory and economic environments in Asia as well as globally.                                                                  |

| ● | Uncertainties                                                                                               
 with respect to the legal system in certain markets in we operate in could adversely affect our operations. |

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

| ● | Companies                                                                                                                          
 and governmental agencies may restrict access to platforms, our website or the Internet generally, which could lead to the loss or 
 slower growth of our gamer base.                                                                                                   |

Risks Related to the Company Operating in China

| ● | The                                                                                                                                 
 uncertainties and quick change of the legal system in China with little advance notice could limit the legal protections available  
 or impose additional requirements and obligations on our business operation in Hong Kong, which may materially and adversely affect 
 our business, financial condition, and results of operations.                                                                       |

| ● | The                                                                                                                                 
 gaming industry in China is subject to a variety of PRC laws and regulations, many of which are unsettled and still developing, and 
 which could subject us or our resellers to claims or otherwise harm our business, financial condition, results of operations and    
 growth prospects.                                                                                                                   |

| ● | Any                                                                                                                            
 lack of requisite approvals, licenses, or permits applicable to our res