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

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 31
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 will require brokers trading in GCL Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level o...  

  limited amount of news and analyst coverage; and  

  a decreased ability to issue additional securities or obtain additional financing in the future.  
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You may face difficulties in protecting
your interests, and your ability to protect your rights through U. S. courts may be limited, because GCL is incorporated under Cayman Islands
law.

GCL is an exempted company
incorporated under the laws of the Cayman Islands. GCL’s corporate affairs are governed by GCL’s Amended and Restated Memorandum
and Articles of Association, the Companies Act (As Revised) of the Cayman Islands and the common law of the Cayman Islands. The rights
of shareholders to take action against GCL’s directors, actions by GCL’s minority shareholders and the fiduciary duties of
GCL’s directors to GCL under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common
law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as from the common
law of England, the decisions of whose courts are of persuasive authority, but are not binding, on a court in the Cayman Islands. The
rights of GCL’s shareholders and the fiduciary duties of GCL’s directors under Cayman Islands law are not as clearly established
as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the Cayman Islands have
a less developed body of securities laws than the United States and provides significantly less protection to investors. In addition,
some U. S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands.

There is no statutory recognition
in the Cayman Islands of judgments obtained in the United States, although a judgment obtained in the United States will be recognized
and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of the underlying dispute, by
an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment (a) is given by a foreign
court of competent jurisdiction; (b) imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment