Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 124

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 124
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 principles applicable to advertisements, which include decency, honesty and truthful presentation, and contains guidelines
relating to specific services/products. While the SCAP has no force of law, a breach of the SCAP may lead to ASAS referring the matter
to the Consumers Association of Singapore for actions under the Consumer Protection (Fair Trading) Act 2003 of Singapore if an advertiser
has repeatedly violated the SCAP by marketing false, misleading or unsubstantiated claims. The ASAS has also issued additional guidelines
from time to time, such as the Guidelines for Interactive Marketing Communication & Social Media, which emphasizes that marketing
communication should be clearly distinguishable from editorial and personal opinion and should not take the form of social media content
that appears to originate from a credible and impartial source, and the Guidelines on Advertising of Investments, which aim to minimize
investments-related advertisement with claims that are speculative, misleading or not substantiable.

The Spam Control Act 2007 of Singapore, as
administered by the IMDA regulates the sending or receiving of unsolicited bulk commercial electronic messages, or
“spam”, in Singapore It imposes certain requirements on the sending or receiving of unsolicited bulk commercial
electronic messages, or “spam,” in Singapore and applies to emails and text messages that have a Singapore nexus.
Electronic messages must have an “unsubscribe facility” or “opt-out” function, and the recipient should be
removed from the distribution list within 10 business days after submitting an opt-out request. Any person who suffers loss or
damage as a result of any violation of the foregoing requirements is entitled to institute legal action, and the court may grant
injunctions, damages or statutory damages.

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Regulations on Internet Content

Under the Broadcasting Act 1994 of Singapore (“Broadcasting Act”), no licensable broadcasting services in or from Singapore can be provided unless a broadcasting license has been granted
by the IMDA. “Computer online services” provided by internet content providers (as defined under the Broadcasting (Class License)
Notification, “ICPs”) are a licensable broadcasting service under the Broadcasting Act. Providers of Internet-based
content generally are considered ICPs under the Broadcasting (Class License) Notification and are subject to an automatically-granted
class license.

ICPs must comply with codes of practice issued by
the IMDA from time to time, including the Internet Code of Practice issued by IMDA. These requirements include, among other things, that
the ICP must use its best