Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 120

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 120
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 determination. The Industrial Court of Malaysia will examine all facts and circumstances
and the conduct of the parties, including but not limited to the degree of control, whether there is a fixed compensation package or
whether the individual undertook a business risk, exclusivity, whether any statutory contributions (such as the Employees Provident Fund)
have been made and the contractual terms of the engagement in determining the status of an employee or independent contractor.

Competition Law

The competition law in Malaysia
achieves this by prohibiting two categories of activities: (i) anti-competitive practices and (ii) abuse of dominant positions,
and the Competition Act 2010 of Malaysia is generally enforced by the Malaysia Competition Commission (the “MyCC”),
save for competition issues arising in specific sectors (such as the telecommunications sector, the aviation sector and the energy and
gas supply sector which fall under the relevant applicable laws and are regulated by other regulators). The Competition Act 2010 of Malaysia
applies to all commercial activities which have an effect on competition in any market in Malaysia, whether such activities are carried
out within or outside Malaysia. Infringements of the Competition Act 2010 of Malaysia may result in, among other things, the imposition
of a financial penalty of up to 10% of the worldwide turnover of the enterprise for the period during which the infringement occurred.
The MyCC may also take other actions, including issuing cease and desist orders. Infringements of Section 61 of the Competition
Act 2010 of Malaysia, may result in a fine not exceeding five million ringgit, and for a second or subsequent offence, to a fine not
exceeding ten million ringgit; or (b) if such person is not a body corporate, to a fine not exceeding one million ringgit or to
imprisonment for a term not exceeding five years or to both, and for a second or subsequent offense, to a fine not exceeding two
million ringgit or to imprisonment for a term not exceeding five years or to both.

Regulations on Data Protection

The Personal Data Protection
Act 2010 of Malaysia (the “Malaysia PDPA”) regulates the processing of personal data in commercial transactions
in Malaysia and is enforced by the Personal Data Protection Commission. The Malaysia PDPA applies to (a) any person who processes,
and (b) any person who has control over or authorizes the processing of, any personal data in respect of commercial transactions.
The Malaysia PDPA also applies to a person