Company: GCL
Filing Date: 2025-02-26
Form Type: 20-F
Source: 0001213900-25-017448
Chunk: 1

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-26
Form: 20-F
Item: Item 5
Chunk 1
---
Item 5-Operating and Financial
Review and Prospects”

for a discussion of GCL Global’s operating and financial review and prospects for the year ended
March 31, 2024.

The
mailing address of the Company’s principal executive office is 29 Tai Seng Avenue #02-01, Natural Cool Lifestyle Hub, Singapore
534119, and its telephone number is +65 80427330. The information contained on, or accessible through, the Company’s website www. gclglobalholdings. com

The
Company is subject to certain of the informational filing requirements of the Exchange Act. Since the Company is a “foreign private
issuer”, the officers, directors and principal shareholders of the Company are exempt from the reporting and “short-swing”
profit recovery provisions contained in Section 16 of the Exchange Act with respect to their purchase and sale of Ordinary Shares. In
addition, the Company is not required to file reports and financial statements with the SEC as frequently or as promptly as U. S. public
companies whose securities are registered under the Exchange Act. However, the Company is required to file with the SEC an Annual Report
on Form 20-F containing financial statements audited by an independent accounting firm. On December 31, 2024, the Company and RFAC furnished
to its shareholders a proxy statement/prospectus relating to the Business Combination. The SEC also maintains a website at www. sec. gov

B. Business
Overview

Prior
to the Business Combination, the Company did not conduct any material activities other than those incidental to its formation and the
matters contemplated by the Merger Agreement, such as the making of certain required securities law filings and the establishment of
Merger Subs. Upon the Closing, the Company became the direct parent of GCL Global, and conducts its business through GCL Global and GCL
Global’s subsidiaries.

Information
regarding the business of GCL Global is included in the Form F-4 in the sections entitled “ Information Related to the Company The Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operation

C. Organizational
Structure

Upon consummation of the Business Combination, each of GCL Global and
RFAC became a wholly-owned subsidiary of PubCo. The following diagram depicts the organizational structure of PubCo as of the date of
this Report.

  Term               Company Name                 Term                     Company Name                    
  2Game              2Game Digital Limited        Epicsoft Hong Kong