Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 178

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 178
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 and Executive Officers as a group (8 individuals)(1) |     |           | 87,906,793 |     |               | 71.5 | % |

| (1) | Mr. Jacky Choo See Wee,                                                                        
 Chairman of the Board and Ms. Catherine Choo See Ling, the Chief Operating Officer and a       
 director of the Company, holds 98% and 1% of Epicsoft Ventures Ltd., a Cayman Islands company, 
 respectively. Mr. Jacky Choo See Wee has the sole voting and investment power over these       
 shares. All reported shares are subject to a 12-month lock-up period pursuant to a lock-up     
 agreement dated February 13, 2025.                                                             |

| (2) | The business address                                                                             
 of Sega Corporation is Sumitomo Fudosan Osaki Garden Tower, 1-1-1 Nishi-Shinagawa, Shinagawa-Ku, 
 Tokyo 141-0033, Japan. Of the reported shares, 5,334,556 ordinary shares are subject to a        
 12-month lock-up period pursuant to a lock-up agreement dated February 13, 2025.                 |

| (3) | Number                                                                                          
 of shares beneficially owned is comprised of (i) 2,875,000 Ordinary Shares issued to the        
 Sponsor in exchange for the same number of shares of RFAC Common Stock held by the Sponsor      
 immediately prior to the closing of business combination; and (ii) up to 4,450,500 Ordinary     
 Shares issuable upon exercise of 4,450,500 Warrants. All reported securities are subject        
 to a lock-up agreement dated February 13, 2025.  RF Dynamic LLC is the record holder            
 of the securities reported herein. Tse Meng Ng is the sole member and manager of RF Dynamic     
 LLC and has voting and investment discretion with respect to the securities held of record      
 by the Sponsor. Tse Meng Ng disclaims any beneficial ownership of any shares held by the        
 Sponsor except to the extent of his respective pecuniary interest therein. The business address 
 of RF Dynamic LLC is 111 Somerset Road, #05-06, Singapore 238164.                               |

113 SELLING SHAREHOLDERS The ordinary shares being offered by the Selling Shareholders are those issuable to the Selling Shareholders upon conversion of the notes. For additional information regarding the issuance of the notes, see “Private Placement of Notes” above.