Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 54

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 54
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 and console games;  

  game         

  video                                                      

Game Distribution

Epicsoft
Asia is a leading channel distributor for PC and console games in Asia. It is responsible for bringing to Asia some award-winning all-time
favorite video games, including Hogwarts Legacy, Grand Theft Auto V, Red Dead Redemption II, Cyberpunk 2077, The Witcher 3: Wild
Hunt, Elden Ring: Nightreign Black Myth: Wukong.

It has distributed in Asia four of the top ten
best-selling video games of all time3, three of which are currently still selling:

Our Group Chairman, Mr. Jacky
Choo See Wee is an industry veteran with over 20 years of experience in the video game industry. Mr. Choo has led Epicsoft Asia in the
video games distribution and retail network management business in Asia for the past ten years, and has forged multi-year deals with international
video game publishers and studios such as Sega Corporation (“ Sega”), Take-Two Interactive Software UK Limited
(“Take-two”), CD Projekt S. A. (“CDPR”) and Warner Bros. Games to sell select game
titles within certain territories in Asia. Together with Epicsoft Hong Kong, Epicsoft Malaysia and 2Game, Epicsoft Asia currently has
one of the largest networks for video games distribution in Asia through resellers with more than 2,100 physical and online stores, and
has sold more than 14.1 million of physical and digital copies of video games during the past three fiscal years.

We
started distributing Sega© game titles and products in 2018. Pursuant to a Distribution License Agreement dated February 1, 2018
which was amended on April 1, 2020 (as amended, the “ Sega Distribution Agreement”), EpicSoft Asia was given a non-exclusive,
non-sublicensable, limited license to distribute certain Sega© game titles and products (the “ Sega Licensed Products”)
in Southeast Asian countries, Hong Kong and Macau. Pursuant to the Sega Distribution Agreement, Epicsoft Asia has agreed to conduct marketing,
advertisement and promotion activities, and provide end user customer and technical support, for the Sega Licensed Products within the
defined distribution territory. In return, Epicsoft Asia may purchase the Sega Licensed Products based on an agreed discount to the suggested
retail price determined by Sega, and is entitled to make a claim to Sega for reasonable marketing costs actually incurred. The Sega Distribution
Agreement has an initial term of