Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 20

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 20
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 |     | Epicsoft Hong Kong  |     | Epicsoft (Hong Kong) Limited   |
| 2Game Brazil  |     | 2 Game Pro Ltda.        |     | Epicsoft Malaysia   |     | Epicsoft Malaysia Sdn. Bhd.    |
| 2Game Dubai   |     | 2Game Digital DMCC      |     | Hainan GCL          |     | Hainan GCL Technology Co. Ltd. |
| 4Divinity     |     | 4Divinity Pte. Ltd.     |     | Martiangear         |     | Martiangear Pte. Ltd.          |
| 4Divinity UK  |     | 4Divinity UK Ltd.       |     | Starry Jewelry      |     | Starry Jewelry Pte. Ltd.       |
| Epicsoft Asia |     | Epicsoft Asia Pte. Ltd. |     | Titan Digital Media |     | Titan Digital Media Pte. Ltd.  |

Pursuant to the Share Sale and Purchase Agreement dated March 19, 2025 (the “SPA”) by and among GCL Global Pte Ltd (“GCL Global SG), a Singaporean company and an indirect wholly-owned subsidiary of the Company and certain shareholders (the “Sellers”) of 2Game, a Hong Kong company and a 51%-owned subsidiary of GCL Global SG, GCL Global SG has agreed to purchase from the Sellers 1,000 shares of 2Game (the “Sale Shares”) for $1,200,000. Upon closing of the transaction which is expected to occur in April 2025, GCL Global SG will hold 61% of the total outstanding shares of 2Game. The SPA contains certain financial performance targets for 2Game over the next three years starting fiscal year 2026. Pursuant to the terms of the SPA, in the event that 2Game fails to generate at least $70,000,000 of revenue and net profit after tax of at least $2,500,000 during fiscal year 2026, the Sellers will be required to buy back the Sale Shares for $1,272,000. In the event that the financial targets for fiscal year 2026 are met, GCL Global SG will have the right but not the obligation to require the Sellers to buy back the Sale Shares for $1,272,000. Summary of Risk Factors An investment in our Ordinary Shares and Warrants involves significant