Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 217

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 217
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, 2024, the “Merger
Agreement”). The parties to the Merger Agreement include PubCo, Grand Centrex Limited, a British Virgin Islands business company
(“GCL BVI”), GCL Global Limited, a Cayman Islands exempted company limited by shares (“GCL Global”), RF Acquisition
Corp., a Delaware corporation (“RFAC”), and RF Dynamic LLC, a Delaware limited liability company (the “Sponsor”).
As further discussed below and in Note 3 on February 13, 2025 (the “Closing Date”), the Company consummated the business
combination transactions (the “Business Combination”) contemplated by the Merger Agreement.

GCL Global was incorporated
and registered as an exempted Company with limited liability on September 8, 2023, under the laws of the Cayman Islands. GCL Global
is a holding Company and has no substantive operations other than holding all of the outstanding equities of its directly and indirectly
owned subsidiaries through various recapitalizations.

The
Company, through its subsidiaries in Singapore, Malaysia, Hong Kong, China, Brazil, the United
Kingdom, and Dubai operates its business in four segments, 1) distribution of console games,
2) game publishing, 3) media advertising service, and 4) others.

— Reorganization under GCL Global Pte.
Ltd (“GCL Global SG”)

GCL Global SG was incorporated
on July 26, 2021, under the laws of Singapore. GCL Global SG is a holding Company and has no substantive operations other than holding
all of the outstanding equities of Epic SG, 4Divinity SG, 2Game, and Starlight.

On June 30, 2023, GCL
Global SG completed the acquisition of 100% of the equity interests in Titan Digital Media Pte Ltd (“Titan Digital”), which
was held under common control with Grand Centrex Limited (“GCL BVI”). The transaction was executed with a consideration of
SGD 10. GCL Global SG and Titan Digital are under the effective control of the same group of shareholders.

On July 18, 2023, GCL
Global SG completed the acquisition of 100% of the equity interests in Epicsoft Hong Kong Limited (“Epic HK”), which was
held under common control with GCL BVI. The transaction was executed with a consideration of HKD 10. GCL Global SG and Epic HK are effectively
controlled by the same