Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 4

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 4
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  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  
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  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.

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 file size could also cause gamers to delete
our games once the file size grows beyond the capacity of their devices’ storage limitations or could reduce the number of downloads
of these games. If our platform providers do not perform their obligations in accordance with our platform agreements, we could be adversely
impacted. For example, in the past, some of these platform providers have been unavailable for short periods of time, unexpectedly changed
their terms or conditions or experienced issues. If any of our third-party service providers is unable to process payments, even for a
short period of time, our business could be harmed. These platforms and our third-party online payment service providers may also experience
security breaches or other issues with their functionalities. In addition, if we violate, or a platform provider believes we have violated,
its terms of service, policies, or standard publisher agreements (or if there is any change or deterioration in our relationship with
any of these platform providers), that platform provider could limit or discontinue our access to the platform or we may be exposed to
liability or litigation. If these third-party platforms and online payment service providers otherwise experience issues that impact the
ability of gamers to download or access our games, it could materially and adversely affect our brands and reputation, as well as our
business, financial condition, and results of operations.

Our success depends on Jacky Choo See Wee,
our Group Chairman and CEO of Epicsoft Asia, and our senior management team. Loss of Mr. Choo’s leadership or services from any