Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 60

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 60
---
, liquid trading market. The trading price of and demand for the Ordinary Shares
and the development and continued existence of a market and favorable price for the Ordinary Shares will depend on a number of conditions,
including the development of a market following, including by analysts and other investment professionals, our businesses, operations,
results and prospects, general market and economic conditions, governmental actions, regulatory considerations, legal proceedings and
developments or other factors. These and other factors may impair the development of a liquid market and the ability of investors to sell
shares at an attractive price. These factors also could cause the market price and demand for the Ordinary Shares to fluctuate substantially,
which may limit or prevent investors from readily selling their shares and may otherwise negatively affect the price and liquidity of
the Ordinary Shares. Many of these factors and conditions are beyond the control of us and shareholders.

Our share price may be volatile and could decline substantially.

The market price of our Ordinary
Shares may be volatile, both because of actual and perceived changes in our financial results and prospects, and because of general volatility
in the stock market. The factors that could cause fluctuations in our share price may include, among other factors discussed in this section,
the following:

| ● | actual or anticipated variations in the financial results and prospects of the company or other companies 
 in the gaming industry;                                                                                   |

| ● | changes in economic and financial market conditions; |

| ● | changes in the market valuations of other companies in the gaming industry; |

| ● | announcements by us or our competitors of new services, expansions, investments, acquisitions, strategic 
 partnerships or joint ventures;                                                                          |

| ● | mergers or other business combinations involving us; |

| ● | additions and departures of key personnel and senior management; |

| ● | changes in accounting principles; |

| ● | the passage of legislation or other developments affecting us or our industry; |

| ● | the trading volume of the Ordinary Shares in the public market; |

<div align='center'>30</div>

| ● | the release of lockup, escrow or other transfer restrictions on our outstanding equity securities or sales 
 of additional equity securities;                                                                           |

| ● | potential litigation or regulatory investigations; |

| ● | changes in financial estimates by research analysts; |

| ● | natural disasters, terrorist acts, acts of war or periods of civil unrest; and |

| ● | the realization of some or all of the risks described in this section. |

In addition, the stock markets
have experienced significant price and