Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 137

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 137
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 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,
the employer and its employees are each required to make contributions to the plan at 5% of the employees’ relevant income, subject
to a cap of monthly relevant income of HK$30,000.

Employers are also required to maintain a policy
of insurance issued by an insurer for an amount not less than the applicable amount stated in the Employees’ Compensation Ordinance
(Chapter 282 of the Laws of Hong Kong) (the “ECO”) in respect of work-related injuries. According to the ECO,
the insured amount shall be not less than HK$100,000,000 per event if a company has no more than 200 employees.

Regulations Related to Anti-competition

The Competition Ordinance (Chapter 619 of the Laws
of Hong Kong) (i) prohibits conduct that prevents, restricts or distorts competition in Hong Kong; (ii) prohibits mergers that
substantially lessen competition in Hong Kong; and (iii) provides for incidental and connected matter.

The first conduct rule prohibits anti-competitive
agreements, practices and decisions. It provides that an undertaking must not (i) make or give effect to an agreement; (ii) engage
in a concerted practice; or (iii) as a member of an association of undertakings, make or give effect to a decision of the association,
if the object or effect of the agreement, concerted practice or decision is to prevent, restrict or distort competition in Hong Kong.
Serious anti-competitive conduct includes (i) fixing, maintaining, increasing or controlling the price for the supply of goods or
services; (ii) allocating sales, territories, customers or markets for the production or supply of