Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 81

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 81
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 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 goods or services;
(iii) fixing, maintaining, controlling, preventing, limiting or eliminating the production or supply of goods or services; and (iv) bid-rigging.

The second conduct rule prohibits
the abuse of market power. It provides that an undertaking that has a substantial degree of market power in a market must not abuse such
power by engaging in conduct that has as its object or effect the prevention, restriction or distortion of competition in Hong Kong. This
conduct may in particular, constitute an abuse of such market power if it involves predatory behavior towards competitors or limiting
production, markets or technical development to the prejudice of consumers. Matters that may be taken into consideration when determining
whether an undertaking has a substantial degree of market power in a market include (i) the market share of the undertaking; (ii) the
undertaking’s