Company: GCL
Filing Date: 2025-02-20
Form Type: 20FR12B
Source: 0001213900-25-015736
Chunk: 10

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-20
Form: 20FR12B
Chunk 10
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B. Compensation

Information pertaining to the compensation of 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”, and “ Executive Compensation”, which are incorporated herein by reference.

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”, which is incorporated herein by reference.

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” which is incorporated herein by reference.

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     
 owner of more than 5% of our outstanding shares; |

| ● | 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                               |     | Number of 
 Shares    |            |     | Percentage 
 of Class   |      |   |
| 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                                   |     |           |            |     |            |      |   |
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