Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 23

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 23
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 on our business and prospects.

We currently operate in
the large, diverse and complex Asia, Brazil, the U.K. and the UAE. We are subject to various regulations in each of the
jurisdictions in which we operate.

Focus areas of regulatory
risk that we are exposed to include, among others: (i) evolution of laws and regulations applicable to game distribution and video game
development, (ii) various forms of data regulation such as data localization, data portability, cybersecurity and advertising or marketing,
(iii) antitrust regulations, (iv) foreign ownership restrictions, (v) artificial intelligence regulation and (vi) regulations regarding
the provision of online services, including with respect to the internet, mobile devices and e-commerce.

In addition, we may not be
able to obtain all the licenses, permits and approvals that may be necessary to provide our game publishing and those we plan to publish.
Because the gaming industry, in which we operate and which includes gaming devices technology, continues to develop, the relevant laws
and regulations, are always evolving in certain jurisdictions and their interpretations may be unclear. This can make it difficult for
us to assess which licenses and approvals are necessary for our business, or the processes for obtaining such licenses in certain jurisdictions.
For these reasons, we also cannot be certain that we will be able to maintain the licenses and approvals that we have previously obtained,
or that once they expire, we will be able to renew them. We cannot be sure that its interpretations of the rules and their exemptions
have always been or will be consistent with those of the local regulators. As we expand our businesses to gaming development area, we
may be required to obtain new licenses and will be subject to additional laws and regulations in the markets we plan to operate in. For
example, depending on the types of games that we offer and distribute to the customers and the way of distribution, we may need to obtain
permits or licenses under the Gambling Control Act 2022 of Singapore and the Films Act 1981 of Singapore. Please refer to “Business — Regulations Applicable to the Company” for further information.

Our business is subject to
regulations from various regulators within each jurisdiction it operates in, and such regulators may not always act in concert. As a result,
we may be subject to requirements which separately may not be materially adverse to us but when taken together could have a material impact
on us. In addition, we are subject to differing, and sometimes conflicting, laws and regulations in the markets in