Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 28

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 28
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-party platforms, which govern the promotion, distribution,
content, and operation generally of games on the platform. Each platform provider has broad discretion to unilaterally change and interpret
its terms of service and other policies with respect to us and other developers, and those changes may be unfavorable to us. A platform
provider may also change its fee structure, add fees associated with access to and use of its platform, alter how we are able to advertise
on the platform, change how the personal information of its users is made available to application developers on the platform, limit the
use of personal information for advertising purposes, or restrict how gamers can share information with their friends on the platform
or across platforms. Our business could be harmed if:

| ● | the platform providers discontinue or limit our access to their platforms; |

| ● | governments or private parties, such as internet providers, impose bandwidth restrictions, increase charges, 
 or restrict or prohibit access to those platforms;                                                           |

| ● | the platforms increase the fees they charge us or change the ways in which their fees are determined; |

| ● | the platforms modify their algorithms, discovery mechanisms, communication channels available to developers, 
 respective terms of service, or other policies;                                                              |

| ● | the platforms decline in popularity; |

| ● | the platforms adopt changes or updates to their technology that impede integration with other software                                  
 systems or otherwise require us to modify our technology or update our games in order to ensure gamers can continue to access our games 
 and content with ease;                                                                                                                  |

| ● | the platforms block or limit access to the genres of games that we provide in any jurisdiction; |

| ● | the platforms change how the personal information of gamers is made available to developers or develop 
 or expand their own competitive offerings; or                                                          |

| ● | we are unable to comply with the platform providers’ terms of service. |

Changes in the respective terms
of service or policy changes of third-party platforms may decrease the visibility or availability of our games, limit our distribution
capabilities, prevent access to our existing games, increase our costs to operate on these platforms, or result in the exclusion or limitation
of our games. Any such changes could adversely affect our business, financial condition, or results of operations.

<div align='center'>11</div>

In addition, third-party platforms
typically impose certain file size limitations, restricting our ability to create software with additional features that would result
in a larger file size than what the platform providers would support. A larger game