Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 83

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 83
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 notice to direct the data user to remedy the contravention and/ or instigate prosecution
actions. A data user who contravenes an enforcement notice commits an offense which may lead to a fine and imprisonment.

The PDPO also gives data subjects
certain rights, inter alia:

  (i)      the right to be informed by a data user whether the data user holds personal data of which the individual is the data subject;  

  (ii)      if the data user holds such data, to be supplied with a copy of such data; and  

  (iii)      the right to request correction of any data they consider to be inaccurate.  

The PDPO criminalizes certain
uses, including, but not limited to, the misuse or inappropriate use of personal data in direct marketing activities, non-compliance with
a data access request and the unauthorized disclosure of personal data obtained without the relevant data user’s consent. An individual
who suffers damage, including injured feelings, by reason of a contravention of the PDPO in relation to his or her personal data may seek
compensation from the data user concerned.

Regulations on Foreign Investment, Exchange
Control and Dividend Distribution

There are no restrictions on
foreign investments or foreign ownership applicable to the businesses currently conducted by our Hong Kong subsidiaries. There are also
no foreign exchange controls currently in force in Hong Kong, and the Hong Kong dollar is freely convertible into other currencies. Our
Hong Kong subsidiaries are not restricted in their ability to pay dividends.

Regulations Related to Hong Kong Taxation

Under the Inland Revenue Ordinance
(Chapter 112 of the Laws of Hong Kong), where an employer commences to employ in Hong Kong an individual who is or is likely to be chargeable
to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland Revenue not later than three months
after the date of commencement of such employment. Where an employer ceases or is about to cease to employ in Hong Kong an individual
who is or is likely to be chargeable to tax, or any married person, the employer shall give a written notice to the Commissioner of Inland
Revenue not later than one month before such individual ceases to be employed in Hong Kong.

Withholding Tax on Dividends

Under the current practice of
the Inland Revenue Department of Hong Kong, no withholding tax is payable in Hong Kong in respect of dividends paid by the Hong Kong subsidiaries
in Hong Kong.

Capital Gains