Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 36

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 36
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 low barriers to entry, and new and evolving
business methods, technologies and platforms for development. Widespread consumer adoption of these new platforms for games and other
technological advances in and/or new business or payment models in online or mobile game offerings could negatively affect our sales of
console and PC games.

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We also compete with a vast
number of small companies and individuals who are able to create and launch video games and other content for devices and platforms using
relatively limited resources and with relatively limited start-up time or expertise. The proliferation of titles in these open developer
channels makes it difficult for us to compete for gamers without substantially increasing our marketing expenses. Our game titles also
compete with other forms of entertainment, such as social media and casual games, in addition to motion pictures, television and audio
and video products featuring similar themes, online computer programs and other entertainment, which may be less expensive or provide
other advantages to consumers. Increasing competition could result in loss of gamers, increasing gamer acquisition and retention costs,
and loss of talent, all of which could harm our business, financial condition or results of operations.

We intend to grow our business through strategic acquisitions, investments, and joint ventures that involve numerous risks and uncertainties.

We intend to grow our business
through strategic transactions, including acquisitions, investments, and joint ventures, that involve numerous risks and uncertainties.
We have previously closed several such transactions, including the acquisition of Martiangear and Starry Jewelry, and are currently in,
and in the future expect to continue to be in, various stages of seeking, evaluating, and pursuing additional strategic transactions in
Asia. These transactions often require unique approaches to integration due to, among other reasons, the structure of the transactions,
the locations, and cultural differences among the other company’s teams and ours, and have required and will continue to require
significant attention from our management team. If we are unable to obtain the anticipated benefits from these transactions, or if we
encounter difficulties in integrating any acquired operations with our business, our financial condition and results of operations could
be materially harmed.

Challenges and risks from such
acquisitions, investments, and joint ventures include:

| ● | our ability to identify, compete effectively for, or complete suitable acquisitions and investments at 
 prices we consider attractive;                                                                         |

| ● | our ability to estimate accurately the financial effect of acquisitions and investments on our business,                          
 our ability to estimate accurately any synergies or the impact on our results of operations of