Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 80

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 80
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 The Commissioner of Inland Revenue must register each business for which a business registration
application is made and as soon as practicable after the prescribed business registration fee and levy are paid and issue a business registration
certificate or branch registration certificate for the relevant business or the relevant branch, as the case may be. Any person who fails
to apply for business registration shall be guilty of an offence and shall be liable for a fine of HK$5,000 and imprisonment for one year.
As of the date of this Report, each of the Hong Kong subsidiaries have obtained and maintains a valid business registration certificate.

Regulations Relating to Trade Description
of Products

The Trade Descriptions Ordinance
(Chapter 362 of the Laws of Hong Kong) prohibits false descriptions, false, misleading or incomplete information in respect of goods provided
in the course of trade and to prohibit certain unfair trade practices. Under the Trade Descriptions Ordinance, it is an offence for a
person, in the course of trade or business, to apply a false or misleading trade description to any goods or supply any goods with false
or misleading trade descriptions, to forge any trademark or falsely apply any trademark to any goods, or to engage in relation to a consumer
in a commercial practice that is a misleading omission, aggressive, bait advertising, a bait and switch, or constitutes wrongly accepting
payment for a product.

A person who commits any such
offense is subject to, on conviction on indictment, a fine of up to HK$500,000 and imprisonment for five years and, on summary conviction,
a fine of HK$100,000 and imprisonment for two years.

Regulations on Labor and Employment

The Employment Ordinance (Chapter
57 of the Laws of Hong Kong) (the “EO”) is an ordinance enacted for, among other things, the protection of the
wages of employees and the regulation of the general conditions of employment and employment agencies. Under the EO, an employee is generally
entitled to, among other things, notice of termination of his or her employment contract, payment in lieu of notice, maternity protection
in the case of a pregnant employee, sickness allowance, statutory holidays or alternative holidays and paid annual leave.

Under the Mandatory Provident
Fund Schemes Ordinance (Chapter 485 of the Laws of Hong Kong) (the “ MPFSO”), employers must participate
in a Mandatory Provident Fund (the “MPF”) Scheme for employees employed under the jurisdiction of the EO. Under
the MPF Scheme, generally,