Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 19

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 19
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 imports and exports may have a material adverse effect on our business.

Recently, the U. S. has implemented
a range of new tariffs and increases to existing tariffs. In response to the tariffs announced by the U. S., other countries have imposed,
are considering imposing, and may in the future impose new or increased tariffs on certain exports from the U. S. There is currently significant
uncertainty about the future relationship between the United States and other countries with respect to trade policies, taxes, government
regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will continue or trade policies will change
in the future. Tariffs, or the threat of tariffs or increased tariffs, could have a significant negative impact on our business. We may
not be able to adequately address the risks presented by these tariffs or other potential trade policy changes.

Any failure by us or our vendors to comply
with applicable anti-money laundering or other related laws and regulations could damage its business, reputation, financial condition,
and results of operation, or subject it to other risks.

Our payment systems may,
in certain jurisdictions, be governed by laws and regulations related to payment and financial services activities, including, among other
things, laws and regulations relating to banking, cross-border and domestic money transmission, anti-money laundering, counter-terrorist
financing, electronic funds transfers, systemic integrity risk assessments, cybersecurity of payment processes, import and export restrictions
and consumer protection. Our payment system may be susceptible to illegal and improper uses, including money laundering, terrorist financing,
fraudulent sales of goods or services, and payments to sanctioned parties. These laws and regulations to which we are now, or in the future
may be, subject are highly complex, may be vague, and could change and may be interpreted to make it difficult or impossible for us to
comply with them. In addition, we may in the future offer new payment options that may be subject to additional regulations and risks.
If we fail to comply with applicable laws and regulations, it may be subject to civil or criminal penalties, fines, and higher transaction
fees, and we may lose its ability to accept or process online payment, payment card or other related transactions, which could make services
on our games less convenient and attractive. In the event of any failure to comply with applicable laws and regulations, our business,
financial condition, results of operations and prospects could be adversely affected.

In addition, laws and regulations
related to online payments are evolving, and changes