Company: GCL
Filing Date: 2025-02-26
Form Type: 20-F
Source: 0001213900-25-017448
Chunk: 3

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-26
Form: 20-F
Item: Item 5
Chunk 3
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 the directors and members of Executive Management of the Company is set forth in the Form F-4, in the
sections entitled “ Management of Pubco Following the Business Combination Executive Compensation

C. Board Practices

Information
pertaining to the Board practices following the Closing is set forth in the Form F-4, in the section entitled “ Management of
Pubco Following the Business Combination

D. Employees

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.

Information
pertaining to GCL Global’s employees is set forth in the Form F-4, in the section entitled “ Information Related to the
Company - Human Capital

E. Share Ownership

Information
about the ownership of the Ordinary Shares by the Company’s directors and members of Executive Management upon consummation of
the Business Combination is set forth in Item 7-Major Shareholders and Related Party Transactions

ITEM 7. MAJOR
SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

The following table sets forth information regarding the beneficial
ownership of our ordinary shares as of the date of February 18, 2025 by:

  each person known by us to be the beneficial      

  each of our officers and directors; and  

  all our officers and directors as a group.  

The calculations in the table
below are based on 126,276,394 ordinary shares issued and outstanding as of February 18, 2025.

  Name and Address of Beneficial Owner                                                          
  Five Percent or Greater Holders:                                                              
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Epicsoft Ventures Ltd. (1)                                              80,581,793      63.8  
  Sega Corporation (2)                                                    8,001,835       6.3   
  Directors and Executive Officers                                                              
  Jacky Choo See Wee (1)                                                  80,581,793      63.8  
  Sebastian Toke                                                          -               -     
  Keith Liu Min Tzau                                                      -               -     
  Ooi Chee Eng                                                            -               -     
  Clement Wong                                                            -               -     
  Catherine Choo See Ling                                                 -               -     
  Tse Meng Ng                                                             -               -     
  Wilson W. Wang                                                          -               -     
  Joshua Kewei Cui                                                        -               -