Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 45

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 45
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 video games distribution and
retail network management experience in Asia. Under Mr. Choo’s leadership, Epicsoft Asia has become a leading channel distributor
for console games, and has forged multi-year deals with international video game publishers and studios such as Sega Corporation (“ Sega”),
Take-Two Interactive Software UK Limited (“Take-two”), CD Projekt S. A. (“ CDPR”) and
Warner Bros. Games to sell select game titles within certain territories in Asia. Together with Epicsoft Hong Kong, Epicsoft Malaysia
and 2Game, Epicsoft Asia currently has one of the largest networks for video games distribution in Asia through resellers with more than
2,100 physical and online stores, and has sold more than 14.1 million of physical and digital copies of video games during the past three
fiscal years. It has distributed in Asia four of the top ten best-selling video games of all time1, three of which it is currently
still selling. It is also responsible for bringing to Asia some award-winning all-time favorite video games, such as Hogwarts
Legacy, Grand Theft Auto IV, Grand Theft Auto V, Red Dead Redemption II, Cyberpunk 2077, The Witcher 3: Wild Hunt, Elden
Ring: NightreignandBlack Myth: Wukong.

2Game
is GCL Group’s authorized digital sales platform. It operates as a business-to-business (“ B2B B2C

4Divinity is GCL Group’s
publishing arm. Its mission is to develop game IP, invest in upcoming game titles, to publish, or co-publish with international game publishers
and content development studios, to introduce new video games and entertainment properties to Asia’s fast-growing market of gamers,
and to introduce original Asian-developed video games and entertainment content to the global market. As of the date of this Report, GCL
Group has either published or co-published a total of twelve game titles.

Titan
Digital Media (“ TDM KPIs

GCL
Group is headquartered in Singapore, with subsidiaries in Malaysia, Hong Kong, China, Japan, Brazil, the United Kingdom and the United
Arab Emirates.

   1      https://www.gamespot.com/gallery/top-10-best-selling-video-games-of-all-time/2900-4814/#1  

Industry
Background and Market Opportunities

Based
on Newzoo’s Global Games Market Report 2024 (August 2024), the global games market is projected to generate $186 billion