Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 53

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 53
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ucturing

Pursuant
to the Merger Agreement (as amended on December 1, 2023, December 15, 2023, January 31, 2024, and September 30, 2024), GCL Group
completed the Restructuring (as defined in the Merger Agreement) on February 14, 2024 in a sequential two-step transaction involving
(a) sale by GCL BVI of all its equity interests in GCL Global SG (representing 100% of the total issued and outstanding shares of
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 (which in turn holds equity interests in the Group Subsidiaries, except for Epicsoft Malaysia) 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

Current
GCL Group Structure

The
following chart illustrates the current corporate structure of GCL:

  Term               Company                      Term                     Company                         
                     Name                                                  Name                            
  2Game              2Game Digital Limited        Epicsoft Hong Kong       Epicsoft (Hong Kong) Limited    
  2Game Brazil       2 Game Pro Ltda.             Epicsoft Malaysia        Epicsoft Malaysia Sdn. Bhd.     
  2Game Dubai        2Game Digital DMCC           GCL Global SG            GCL Global Pte. Ltd.            
  4Divinity          4Divinity Pte. Ltd.          Hainan GCL               Hainan GCL Technology Co. Ltd.  
  4Divinity UK       4Divinity UK Ltd.            Martiangear              Martiangear Pte. Ltd.           
  4Divinity JP       4Divinity Japan Ltd.         Starry Jewelry           Starry Jewelry Pte. Ltd.        
  Epicsoft Asia      Epicsoft Asia Pte. Ltd.      Titan Digital Media      Titan Digital Media Pte. Ltd.   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────

Through
its subsidiaries, GCL Group currently operates in the following three key business segments:

  distribution and sale of PC