Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 47

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 47
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 can be no assurance that the subsidiaries will not be taxed in multiple jurisdictions
in the future, and any such taxation in multiple jurisdictions could adversely affect our business, financial condition and results of
operations.

In addition, we may, from time
to time, be subject to inquiries or audits from tax authorities of the relevant jurisdictions on various tax matters, including challenges
to positions asserted on income and withholding tax returns. we cannot be certain that the tax authorities will agree with its interpretations
of the applicable tax laws, or that the tax authorities will resolve any inquiries in its favor. To the extent the relevant tax authorities
do not agree with its interpretation, we may seek to enter into settlements with the tax authorities which may require significant payments
and may adversely affect its results of operations or financial condition. we may also appeal against the tax authorities’ determinations
to the appropriate governmental authorities, but we cannot be sure we will prevail. If our appeal does not prevail, it may have to make
significant payments or otherwise record charges (or reduce tax assets) that could adversely affect its results of operations, financial
condition and cash flows. Similarly, any adverse or unfavorable determinations by tax authorities on pending inquiries could lead to increased
taxation on us, that may adversely affect its business, financial condition and results of operations and may also impact its reputation,
including but not limited to tax and other regulatory authorities in Southeast Asia.

Companies and governmental agencies may restrict access to platforms, our website or the Internet generally, which could lead to the loss or slower growth of our gamer base.

Our gamers generally need to
access the Internet. Access to the Internet in a timely fashion is necessary to provide a satisfactory gamer experience to the gamers
of our games. Companies and governmental agencies could block access to any platform, our website, or the Internet generally, or could
limit the speed of data transmissions, for a number of reasons such as security or confidentiality concerns or regulatory reasons. In
addition, telecommunications companies may implement certain measures, such as increased cost or restrictions based on the type or amount
of data transmitted, that would impact gamers’ ability to access our games. If companies or governmental entities block or limit
such access or otherwise adopt policies restricting gamers from playing our games, our business could be negatively impacted and could
lead to the loss or slower growth of our gamer base.

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Risks Related to the Company Operating in China

The uncertainties and quick change of the legal system in China with little advance notice