Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 201

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 201
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 be the beneficial owner of more than 5% of our outstanding shares; |

| ● | each                                         
 of our executive officers and directors; and |

| ● | all                                              
 our executive officers and directors as a group. |

Beneficial ownership is
determined in accordance with the rules of the SEC and includes voting or investment power with respect to, or the power to receive the
economic benefit of ownership of, the securities. In computing the number of shares beneficially owned by a person and the percentage
ownership of that person, shares that the person has the right to acquire within 60 days are included, including through the exercise
of any option or other right or the conversion of any other security. However, these shares are not included in the computation of the
percentage ownership of any other person.

The calculations in the table
below are based on 121,947,978ordinary shares issued and outstanding as of the date of this prospectus.

| Name and Address of Beneficial Owner                               |     | Number of 
 Shares    |            |     | Percentage of 
 Class         |      |   |
| Five Percent or Greater Holders:                                   |     |           |            |     |               |      |   |
| Epicsoft Ventures Ltd.(1)                                          |     |           | 80,581,793 |     |               | 66.1 | % |
| Sega Corporation(2)                                                |     |           |  8,001,835 |     |               |  6.6 | % |
| RF Dynamic LLC(3)                                                  |     |           |  7,325,500 |     |               |  5.8 | % |
| Directors and Executive Officers                                   |     |           |            |     |               |      |   |
| Jacky Choo See Wee(1)                                              |     |           | 80,581,793 |     |               | 66.1 | % |
| Sebastian Toke                                                     |     |           |          - |     |               |    - |   |
| Keith Liu Min Tzau                                                 |     |           |          - |     |               |    - |   |
| Kenny Lin Yuxin                                                    |     |           |          - |     |               |    - |   |
| Catherine Choo See Ling(1)                                         |     |           |          - |     |               |    - |   |
| Tse Meng Ng(3)                                                     |