Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 75

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 75
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 services. Suppliers may be held liable for engaging in unfair practices in
relation to consumer transactions. Unfair practices include, among other things, (i) doing or saying anything, or omitting to do
or say anything, that would reasonably deceive or mislead consumers, (ii) making a false claim, (iii) taking unreasonable advantage
of a consumer, or (iv) making various forms of misrepresentations to the consumer.

The Consumer Protection (Trade
Descriptions and Safety Requirements) Act 1975 of Singapore prohibits the use of false trade descriptions on goods supplied in the course
of trade. Trade descriptions include any description, statement or indication that directly or indirectly relates to the fitness for purpose,
strength, performance, behavior or accuracy of any goods. This prohibition applies to all persons in the course of business and would
be applicable in an e-commerce marketplace. Violations of the Consumer Protection (Trade Descriptions and Safety Requirements) Act 1975
of Singapore are subject to criminal liability.

The Unfair Contract Terms Act
1977 of Singapore generally regulates against unfair contract terms such as exclusion clauses and limitation of liability clauses in most
consumer and standard form contracts. Amongst other things, the Unfair Contract Terms Act 1977 of Singapore prohibits the exclusion or
restriction of liability for death or personal injury caused by negligence in all contracts. It also prevents sellers/service providers
from excluding or limiting their liability for a breach of contract, unless it is reasonable for them to do so. The Unfair Contract Terms
Act 1977 also circumscribes the limitation of liability in relation to certain implied terms in respect of goods purchased.

The Singapore Code of Advertising
Practice (the “SCAP”) is a code of practice set out by the Advertising Standards Authority of Singapore (the
“ASAS”) prescribing general 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