Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 84

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 84
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 4Divinity Pte. Ltd. (“4Divinity”) — formed                                                                                        
 in September 2022 in Singapore initially dedicated to the games publishing business, but more recently, also to game development. 
 In December 2024 and April 2025, each of 4Divinity UK Ltd. (“4Divinity UK”) and 4Divinity Japan (“4Divinity                       
 JP”) was formed as a wholly-owned subsidiary of 4Divinity to support GCL Group’s game publishing and development                  
 business in Europe and Japan, respectively.                                                                                       |

| ● | 2Game Digital Limited (“2Game”) — formed                                                                                             
 in May 2022 in Hong Kong primarily for distribution of activation keys and related products. In July 2022, GCL Global SG             
 acquired 51% of the equity interests in 2Game in a combination of cash and stock transaction. In March 2025, GCL Global SG increased 
 its equity stake in 2Game from 51% to 61%. See “Recent Developments.” 2Game is GCL Group’s officially authorized                     
 digital video game platform, representing GCL Group’s effort to transition from physical goods to digital content, including         
 the sale of activation keys to retailers and consumers. In August 2023, 2Game Pro Ltda (“2Game Brazil”)                              
 was formed in Brazil as a wholly-owned subsidiary of 2Game to expand its business into Latin America. In October 2024, 2Game Digital 
 DMCC (“2Game Dubai”) was formed in Dubai as a wholly-owned subsidiary of 2Game to expand its business into                           
 the UAE and MENA region.                                                                                                             |

| ● | Hainan GCL Technology Co. Ltd. (“Hainan GCL”) — formed                                                                
 in July 2024 in China to support GCL Group’s collaboration efforts with game developers and a game platform in China. |

<div align='center'>48</div>

Acquisition of Ban Leong Technologies Limited

On April 30, 2025, Epicsoft
Asia (the “Offeror”) made a voluntary conditional cash offer (the “Offer”) of S$0.6029 per share (approximately
US$0.4580 per share) to acquire all of the issued and paid-up ordinary shares in the capital of Ban Leong Technologies Limited (“Ban
Leong”), a Singaporean company listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Offer