Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 83

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 83
---
 the repatriation of earnings and capital, or on remittances, foreign exchange transactions and capital movements.

Regulations on Takeovers and Mergers

Takeovers and mergers of Singapore
companies are regulated by the Singapore Code on Take-overs and Mergers (the “Singapore Takeover Code”), which
is administered by the Securities Industry Council of Singapore (the “SIC”). The Singapore Takeover Code applies to both public
companies and, in some cases, private companies with more than 50 shareholders and significant net tangible assets.

The Singapore Takeover Code sets
out the legal and procedural framework for takeovers, including requirements relating to mandatory offers, pricing, disclosures, offer
documentation, shareholder treatment, and timelines. Where applicable, we are required to comply with the Singapore Takeover Code in connection
with any takeover or merger offer involving a Singapore target company.

Regulations in Malaysia

We conduct business in Malaysia
through our subsidiary, Epicsoft Malaysia, which is primarily engaged in the marketing and retail distribution of video games and related
products in Malaysia.

Regulations on Business Registration

A person who desires to form
a company shall apply for incorporation, pursuant to the provisions of the Companies Act 2016 of Malaysia (the “Malaysian Companies Act”), with the Companies Commission of Malaysia. The Local Government Act 1976 of Malaysia empowers every local
authority to make, amend or revoke any by-laws in respect of the local government area, and to grant any licence or permit of any trade,
occupation or premises and such licence shall be subject to such conditions and restrictions as the local authority may prescribe. As
such, prior to the commencement of our business operations in Malaysia, we are required to apply for business premises licenses for each
operating premise from the relevant local authority. We have registered our Malaysia subsidiary in accordance with the Malaysian Companies
Act and have obtained the business premises license from the local authority.

Regulations on Labor and Employment

Employment and industrial relations
in Malaysia are mainly governed by the Employment Act 1955 of Malaysia (the “Malaysian Employment Act”). The
requirements under the Malaysia Employment Act apply to all employees that enter into a contract of service regardless of wages (except
that, for certain prescribed categories of employees such as employees earning more than RM4,000 per month, provisions in the Malaysia
Employment Act relating to, among other things, overtime payments and termination benefits do not apply). Both employees and employers
in Malaysia are required to contribute toward the