Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 172

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 172
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 A Brazil Company                           100% owned by 2Game          
                                                                                                                                 
                                                       ● Incorporated on August 25, 2023                                         
                                                                                                                                 
                                                       ● Distribution of console game code                                       
  2 Game Digital DMCC (“2Game Dubai”)                  ● A Dubai Company                            100% owned by 2Game          
                                                                                                                                 
                                                       ● Incorporated on October 1, 2024                                         
                                                                                                                                 
                                                       ● Distribution of console game code                                       
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  (1)      On April 12, 2023, Titan Digital acquired 100% equity interest in Starry from Debbie Soon Rui Yi (“ Debbie”), the spouse of Jianhao Tan, the Chief Executive Officer (“ CEO”) of Titan Digital, t...  

  (2)      On July 14, 2023, Starlight was dissolved due to cessation of operation since September 2021.  
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  (3)      On September 4, 2023, Titan Digital acquired 100% equity interest of Martiangear from two third-parties for cash consideration of $ 148,000 and share consideration of 53,711 ordinary shares by ...  
                                                                                                                                                                                                                 
                                                                                                                                                                                                                 
                                                                                                                                                                                                                 
           On December 12, 2024, Titan Digital sold all of its equity interest in Martiangear to GCL Global SG for a total consideration of SGD 10.                                                              
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  (4)      On March 19, 2025, GCL Global SG acquired an additional 10% equity interest in 2Game for a total consideration of $ 1,200,000. As a result of this acquisition, GCL Global SG increased its equit...  

F-9

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 2 - Summary of
significant accounting policies

Basis of presentation

The consolidated financial
statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“ U. S.
GAAP”) pursuant to the rules and regulations of the Securities Exchange Commission (“ SEC”).

Principles of consolidation

The consolidated financial
statements include the financial statements of the Company