Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 29

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 29
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 which
may adversely affect our business, financial condition, results of operations and prospects.

In addition, some Asian markets
have experienced, and may in the future experience, political instability, including strikes, demonstrations, protests, marches, coups
d’état, guerilla activity or other types of civil disorder. These instabilities and any adverse changes in the political
environment could increase our costs, increase its exposure to legal and business risks, disrupt its office operations or affect its ability
to expand our user base.

Uncertainties with respect to the legal system in certain markets we operate could adversely affect our operations.

The interpretation and enforcement
of laws and regulations involve uncertainties and inconsistencies. Since local administrative and court authorities and in certain cases,
independent organizations, have significant discretion in interpreting and implementing statutory provisions and contractual terms, it
may be difficult to evaluate the outcome of administrative and court proceedings and the level of legal protection we may enjoy in many
of the jurisdictions and localities in which we operate. Moreover, local courts may have broad discretion to reject enforcement of foreign
awards. These uncertainties may affect our judgment on the relevance of legal requirements and its ability to enforce our contractual
rights or tort claims. In addition, the regulatory uncertainties may be exploited through unmerited or frivolous legal actions or threats
in attempts to extract payments or benefits from us.

It is possible that a number
of laws and regulations may be adopted or construed to apply to us in Asia and elsewhere that could restrict our business segments. Scrutiny
and regulation of the business segments in which we operate may further increase, and we may be required to devote additional legal and
other resources to addressing these regulations. Changes in current laws or regulations or the imposition of new laws and regulations
in Asia or elsewhere regarding our business segments may slow the growth of our business segments and adversely affect its business, financial
condition, results of operations and prospects.

We could face uncertain tax liabilities in various jurisdictions where we operate, and suffer adverse financial consequences as a result.

Our management believes
we are in compliance with all applicable tax laws in the various jurisdictions where we are subject to tax, but its tax liabilities could
be uncertain, and we could suffer adverse tax and other financial consequences if tax authorities do not agree with our interpretation
of the applicable tax laws.

Although GCL is a holding
company incorporated as an exempted company under the laws of the Cayman Islands, the GCL Group collectively operates in multiple tax
jurisdictions and pays income taxes