Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 113

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 113
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 To the extent that our platforms or services transmit or allow
our users to access third-party online content, we would be an internet intermediary under the POFMA. POFMA empowers any Singapore government
minister to direct the POFMA Office, situated within IMDA that is responsible for the administration of POFMA, to issue certain directions
to internet intermediaries whose service has been used to communicate material that contains or consists of a false statement of fact
in Singapore if the minister is of the opinion that it would be in the public interest to do so. Such directions would include (a) targeted
correction directions, which require the internet intermediary to communicate a correction notice on its service to all end-users in
Singapore who accessed the offending false statement of fact by means of its service after a specified time; and (b) disabling directions,
which require the internet intermediary to disable access by end-users in Singapore to the offending false statement of fact being communicated
on or through its service. Internet intermediaries may be fined or have their access to their online location by Singapore end-users
disabled if they fail to comply with directions issued under POFMA without reasonable excuse.

There are also various other
content regulation laws in Singapore, including:

| (i) | Undesirable Publications Act 1967 (“UPA”): The UPA prevents the importation,                                                                
 distribution and reproduction of obscene and objectionable publications. The definition of “publication” is wide, and                       
 includes “any picture or drawing, whether made by computer-graphics or otherwise howsoever”. The UPA makes it an offence                    
 for a person to reproduce any obscene or objectionable publication knowing or having reason to believe that it is obscene or objectionable. |

| (ii) | Foreign Interference (Countermeasures) Act 2021 (“FICA”): The FICA is intended                                                       
 to counteract foreign interference in the public interest. Under the FICA, it would be an offence to, inter alia, undertake          
 (or prepare or plan to undertake) “electronic communications activity” in or outside Singapore that results in or involves           
 the publication in Singapore of any information/material on behalf of (i) a foreign principal or (ii) another person acting          
 on the foreign principal’s behalf, where any part of the undertaking or electronic communications activity is covert or involves     
 deception, and with knowledge or reason to believe that the electronic communications activity or the published information/material 
 is likely to be prejudicial to the security of