Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 67

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 67
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 platforms, we in general are not subject to the video game classification system. However, the IMDA retains the right to
issue a rating and/or classification of any of the online games we offer, should it choose to do so.

Under the Films (Class Licence
for Video Games Distribution) Order 2019, distributors and retailers of video games in Singapore are automatically class licensed, and
shall comply with the conditions of the class licence under the said Order such as ensuring that only appropriate video games or any related
promotional films are distributed.

Regulations on Consumer Protection

There are various general consumer
protection laws in place in Singapore, which apply generally to all relevant transactions including electronic transactions, but are not
specifically targeted at regulating e-commerce operations. One or more of these laws would be relevant in the context of live streaming
operations or e-commerce operations.

The Consumer Protection (Fair
Trading) Act 2003 of Singapore is the primary statute governing consumer protection which sets out a legislative framework prohibiting
suppliers from engaging in unfair practices in relation to transactions and to allow consumers aggrieved by unfair practices to have recourse
to civil remedies before the Singapore courts. The definition of supplier under the Consumer Protection (Fair Trading) Act 2003 of Singapore
includes persons who promote the use or purchase of goods or services. Suppliers may be held liable for engaging in unfair practices in
relation to consumer transactions. Unfair practices include, among other things, (i) doing or saying anything, or omitting to do
or say anything, that would reasonably deceive or mislead consumers, (ii) making a false claim, (iii) taking unreasonable advantage
of a consumer, or (iv) making various forms of misrepresentations to the consumer.

The Consumer Protection (Trade
Descriptions and Safety Requirements) Act 1975 of Singapore prohibits the use of false trade descriptions on goods supplied in the course
of trade. Trade descriptions include any description, statement or indication that directly or indirectly relates to the fitness for purpose,
strength, performance, behavior or accuracy of any goods. This prohibition applies to all persons in the course of business and would
be applicable in an e-commerce marketplace. Violations of the Consumer Protection (Trade Descriptions and Safety Requirements) Act 1975
of Singapore are subject to criminal liability.

The Unfair Contract Terms Act
1977 of Singapore generally regulates against unfair contract terms such as exclusion clauses and limitation of liability clauses in most
consumer and standard form contracts. Amongst other things, the Un