Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 299

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 299
---
 through its subsidiaries in Singapore, Malaysia, and Hong Kong, operates its business in four segments, 1) distribution of console
games, 2) game publishing, 3) media advertising service, and 4) others.

—
Reorganization under GCL Global Pte. Ltd (“GCL Global SG”)

GCL
Global SG was incorporated on July 26, 2021, under the laws of Singapore. GCL Global SG is a holding Company and has no substantive
operations other than holding all of the outstanding equities of Epic SG, 4Divinity SG, 2Game, and Starlight.

On
June 30, 2023, GCL Global SG completed the acquisition of 100% of the equity interests in Titan Digital Media Pte Ltd (“Titan
Digital”), which was held under common control with Grand Centrex Limited (“GCL BVI”). The transaction was executed
with a consideration of SGD 10. GCL Global SG and Titan Digital are under the effective control of the same group of shareholders.

On
July 18, 2023, GCL Global SG completed the acquisition of 100% of the equity interests in Epicsoft Hong Kong Limited (“Epic
HK”), which was held under common control with GCL BVI. The transaction was executed with a consideration of HKD 10. GCL Global
SG and Epic HK are effectively controlled by the same shareholder.

—
Reorganization under GCL Global

GCL
BVI was incorporated on November 16, 2018, under the laws of British Virgin Island (“BVI”).

GCL
BVI is a holding Company and has no substantive operations other than holding all of the outstanding equity of Epic MY after reorganization
under GCL Global SG.

On
February 14 , 2024, GCL BVI and GCL Global had completed a sequential two-step transaction involving (a) sale by GCL BVI of
all its equity interests in GCL Global SG to GCL Global in return for GCL Global shares being issued to the GCL Shareholders (defined
below), resulting in (i) GCL Global SG becoming a wholly-owned subsidiary of GCL Global; and (ii) GCL Shareholders holding
all issued and outstanding shares in GCL Global; and (b) sale by GCL BVI shareholders holding a total of 99.8% of the total outstanding
shares of GCL BVI (“GCL Shareholders”) of