Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 233

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 233
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 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 their
equity interests in GCL BVI to GCL Global, resulting in GCL BVI becoming a 99.8%-owned subsidiary of GCL Global (the “Reorganization”).

Before and after the Reorganizations, GCL Global,
together with its subsidiaries (as indicated above), is effectively controlled by the major shareholders, and