Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 120

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 120
---
 we face competition from large developer and marketer of interactive entertainment software companies, such as Tencent Games, NetEase Games, Sega and Sony Interactive Entertainment, that have the financial resources to withstand significant price competition, implement extensive advertising campaigns, and utilize their substantially greater resources and economies of scale to develop competing video games and divert sales away from our games offerings.

Competition in the interactive entertainment software industry is based on innovation, features, playability, product quality, brand name recognition, compatibility with popular platforms, access to distribution channels, price, marketing, and customer service. Our business is driven by the number of hit game titles we sell, distribute and publish, which require increasing budgets for development and marketing.

We will continue to compete effectively and strategically grow our business by focusing on (i) our ability to develop original content and new games as well as by continuing to enhance our existing services to keep pace with user preferences and demands, and (ii) expanding our best-selling games portfolio.

Intellectual Property

Our business depends on the licensing and protection of intellectual property rights of the video games we distribute that are retained by the publishers. We try to protect our software and production techniques under copyright and trademark and trade secret laws as well as through contractual restrictions on disclosure, copying and distribution. TDM has the following two registered trademarks in Singapore:

In October 2022, we filed
the following trademark application in Singapore:

| Mark:          |     | Application  
 No.:         |     | International         
 Class(es):            |     | Filing   
 Date:    |
| Titan          
 Academy emblem |     | 40202259168G |     | Class 41              
 (Nice Classification) |     | 26       
 Oct 2022 |

<div align='center'>70</div>

Human Capital

As of March 31, 2025, we have a total of 149 full-time employees, consisting
of 98 in Asia (with 63 in Singapore), 23 in Europe, 16 in Brazil, 9 in the U.S. and 3 in other parts of the world, carrying out the following
primary functions:

| Media Production                   |     |  11 |
| Content Development and Publishing |     |   6 |
| Operations                         |     |  37 |
| Sales and Marketing                |     |  60 |
| Finance                            |     |  15 |
| Management and Administration      |     |  20 |
| Total                              |     | 149 |

GCL Group seeks to hire