Company: GCL
Filing Date: 2025-02-20
Form Type: 20FR12B
Source: 0001213900-25-015736
Chunk: 9

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-20
Form: 20FR12B
Chunk 9
---
 (Hong Kong) Limited   |
| 2Game Brazil  |     | 2 Game Pro Ltda.        |     | Epicsoft Malaysia   |     | Epicsoft Malaysia Sdn. Bhd.    |
| 2Game Dubai   |     | 2Game Digital DMCC      |     | Hainan GCL          |     | Hainan GCL Technology Co. Ltd. |
| 4Divinity     |     | 4Divinity Pte. Ltd.     |     | Martiangear         |     | Martiangear Pte. Ltd.          |
| 4Divinity UK  |     | 4Divinity UK Ltd.       |     | Starry Jewelry      |     | Starry Jewelry Pte. Ltd.       |
| Epicsoft Asia |     | Epicsoft Asia Pte. Ltd. |     | Titan Digital Media |     | Titan Digital Media Pte. Ltd.  |

D. Property, Plants and Equipment

The Company leases the properties
for its principal executive office which is located at 29 Tai Seng Avenue #02-01, Natural Cool Lifestyle Hub, Singapore 534119. Information
regarding the facilities of the GCL Global is included in the Form F-4 in the section entitled “Information Related to the Company – Facilities” which is incorporated herein by reference.

ITEM 4A. UNRESOLVED STAFF COMMENTS

None.

<div align='center'>3</div>

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

Following and as a result
of the Business Combination, the business of the Company is conducted through GCL Global, the Company’s direct, wholly-owned subsidiary,
and GCL Global’s subsidiaries.

The discussion and analysis of the financial condition and results of operations of GCL Global for the six months ended September 30, 2024 is filedherewith as Exhibit 99.3.

The discussion and analysis
of the financial condition and results of operations of GCL Global for the fiscal years ended March 31, 2024 and 2023 is included in
the Form F-4 in the section entitled “The Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which is incorporated herein by reference.

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

A. Directors and Executive Officers

See “Item 1. Identity of Directors, Senior Management and Advisers—A. Directors and Senior Management