The accompanying consolidated
financial statements reflect the activities of the Company and each of the following subsidiaries as of March 31, 2025:
| Name | | Background | | Ownership |
| GCL Global Limited (“GCL Global”) | | ● A Cayman Island Company ● Incorporated on October 12, 2023 ● Holding Company | | 100.0% owned by Pubco |
| RF Acquisition Corp (“RFAC”) | | ● A Delaware, US Company ● Incorporated on January 11, 2021 ● Holding Company | | 100.0% owned by Pubco |
| Grand Centrex Limited (“GCL BVI”) | | ● A BVI Company ● Incorporated on November 16, 2018 ● Holding Company | | 99.8% owned by GCL Global |
| GCL Global Pte. Ltd (“GCL Global SG”) | | ● A Singapore Company ● Incorporated on July 26, 2021 ● Holding Company | | 100% owned by GCL Global |
| Titan Digital Media Pte. Ltd. (“Titan Digital”) (1) | | ● A Singapore Company ● Incorporated on January 08, 2018 ● An advertising Company that provides video production, and advertising in social media platform. | | 85% owned by GCL Global SG |
| Epicsoft Asia Pte. Ltd (“Epic SG”) | | ● A Singapore Company ● Incorporated on September 23, 2014 ● A gaming Company that engage in operation of distribution of console games software, and console game code. | | 100% owned by GCL Global SG |
| Epicsoft (Hong Kong) Limited (“Epic HK”) | | ● A Hong Kong Company ● Incorporated on April 15, 2005 ● A gaming Company that engage in operation of distribution of console games software, and console game code. | | 100% owned by GCL Global SG |
| 4Divinity Pte. Ltd. (“4Divinity SG”) | | ● A Singapore Company ● Incorporated on September 30, 2022 ● Publishing of game software | | 100% owned by GCL Global SG |
| 4Divinity UK Ltd. (“4Divinity UK”) | | ● A United Kingdom Company ● Incorporated on December 4, 2024 ● Publishing of game software | | 100% owned by 4Divinity SG |
| Epicsoft Malaysia Sdn. Bhd. (“Epic MY”) | | ● A Malaysian Company ● Incorporated on June 26, 2019 ● Distribution of console game software and hardware. | | 100% owned by GCL BVI |
| 2Game Digital Limited (“2Game”) (4) | | ● A Hong Kong Company ● Incorporated on May 11, 2022 ● Distribution of console game code | | 61% owned by GCL Global SG |
| Starlight Games (HK) limited (“Starlight”) (2) | | ● A Hong Kong Company ● Incorporated on November 08, 2019 ● Distribution of console game software | | 100% owned by GCL Global SG |
| Starry Jewelry Pte. Ltd. (“Starry”) (1) | | ● A Singapore Company ● Incorporated on June 16, 2020 ● Retail in jewelry. | | 100% owned by Titan Digital |
| Martiangear Pte. Ltd. (“Martiangear”) (3) | | ● A Singapore Company ● Incorporated on September 24, 2020 ● Retail in gaming desk and chair | | 100% owned by GCL Global SG |
| Hainan GCL Technology Co. Ltd. (“Hainan GCL”) | | ● A PRC Company ● Incorporated on July 26, 2024 ● Distribution of console game code | | 100% owned by GCL Global SG |
| 2 Game Pro LTDA (“2Game Brazil) | | ● A Brazil Company ● Incorporated on August 25, 2023 ● Distribution of console game code | | 100% owned by 2Game |
| 2 Game Digital DMCC (“2Game Dubai”) | | ● A Dubai Company ● Incorporated on October 1, 2024 ● Distribution of console game code | | 100% owned by 2Game |