Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 100

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 100
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 Group Chairman, Jacky Choo See Wee. In December 2018,  
 GCL BVI acquired all outstanding shares of TDM. After TDM’s acquisition of Starry Jewelry   
 Pte. Ltd. (“Starry Jewelry”) in April 2023, GCL Group holds 85%                             
 of the equity interests in TDM, with former owner of Starry Jewelry, who is also the spouse 
 of Mr. Jianhao Tan, the CEO of TDM, holding the remaining 15%.                              |

| ● | Martiangear Pte. Ltd. (“Martiangear”) — formed in September 2020 in Singapore specialized in the sale of gaming chairs and related merchandise. TDM acquired all equity interests of Martiangear from two seller parties unaffiliated with the GCL Group for a combination of cash and stock consideration. Martiangear is currently a direct wholly-owned subsidiary of GCL Global SG. |

| ● | 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, 4Divinity UK Ltd. (“4Divinity UK”)                   
 was formed as a wholly-owned subsidiary of 4Divinity to support GCL Group’s game publishing 
 and development business in Europe.                                                         |

| ● | 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. Pursuant to the share purchase agreement dated July 31, 2022, and              
 as amended on July 31, 2022 and October 17, 2023, sellers of 2Game will be entitled to receive    
 an aggregate of up to $6,120,000 consisting of the following tranches: (i) $6,550 cash payment    
 in September 2022, $540,496 cash payment and issuance of 20,468 ordinary shares in October        
 2023 upon 2Game meeting certain financial performance milestones for the fiscal year 2023,        
 (iii) $2,993,450 to be paid in stock upon successful listing of the Company’s securities,         
 (iv