Epicsoft Asia Completes Compulsory Acquisition and Delisting of Ban Leong Technologies Limited

SINGAPORE,Aug. 25, 2025/PRNewswire/ -- Epicsoft Asia Pte. Ltd. ("Epicsoft Asia"or"Offeror"), an indirect subsidiary of GCL Global Holdings Ltd ("GCL") (NASDAQ: GCL), today announced it has completed the compulsory acquisition of Ban Leong Technologies Limited ("Ban Leong") onAugust 25, 2025, and thatBan Leongwill be delisted from the Official List of the Singapore Exchange Securities Trading Limited ("SGX-ST") onAugust 26, 2025(collectively, the"Announcement").

For over three decades,Ban Leonghas been a leading distributor of technology products acrossAsia, offering an extensive portfolio that includes IT accessories, gaming components, smart (IoT) devices, and commercial solutions. The company is an authorized distributor for more than 50 globally recognized brands, including Razer, Nvidia, Samsung, Huawei, TP-Link, and LG. Leveraging a comprehensive multi-channel distribution strategy,Ban Leongreaches customers through e-commerce platforms, brick-and-mortar retailers, chain stores, and direct sales to corporate resellers and system integrators. The company also operates service centers inSingapore,Malaysia, andThailand, providing dedicated technical support and repair services to ensure quality and customer satisfaction.

"This acquisition opens an exciting new chapter forBan Leong, one that will unlock opportunities, fuel innovation, and strengthen our ability to deliver exceptional technology solutions acrossAsia,"saidRonald Teng, Managing Director ofBan Leong."The acquisition marks a significant milestone in our 30-year journey, enabling us to leverage GCL's global ecosystem, expertise, and distribution network to accelerate growth and generate value for our customers, partners, and brands. Together, we look forward to driving innovation, expanding our market presence, and delivering technology solutions that empower businesses and enrich lives acrossAsia."

"Today we celebrate the completion of the entire deal and officially welcomeBan Leong'stalented team to the GCL family. This milestone is a pivotal step forward in our vision to build a fully integrated gaming ecosystem that bridges content, hardware, and distribution acrossAsiaand beyond,"said Sebastian Toke, Group CEO of GCL.

"The combination of our strengths is expected to result in significant synergies, from operational efficiencies and economies of scale to new revenue streams and expanded sales channels. By aligning withBan Leong'sproven marketing and procurement strategies in consumer electronics and gaming hardware, we see exciting opportunities to enhance our market positioning and generate value for our customers. Together, we'll explore initiatives such as introducing branded gaming devices pre-installed with GCL game titles, expanding B2C offerings for gaming peripherals and PC components, and leveraging our joint infrastructure to support the broader commercialization of our gaming portfolio. We look forward to this next chapter of innovation and collaboration and are excited about the future we will build together."

This press release should be read in conjunction with the full text of the Announcement, a copy of which may be obtained from the website of the SGX-ST.

About GCL Global Holdings Ltd

GCL Global Holdings Ltd leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.

Learn more athttp://www.gclglobalholdings.com.

About GCL Global Pte. Ltd.

GCL Global Pte. Ltd. ("GGPL") unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market. It is an indirect wholly-owned subsidiary of GCL Global Holdings Ltd.

About Epicsoft Asia Pte. Ltd.

Epicsoft Asia Pte. Ltd. ("Epicsoft Asia"), a wholly-owned subsidiary of GCL Global Pte. Ltd., is a premier distributor of interactive entertainment software. With a robust network and a proven track record of successful game launches, Epicsoft Asia is dedicated to bringing premier gaming experiences to players acrossTaiwan,Hong Kong, andSoutheast Asia.

About Ban Leong Technologies Limited

Ban Leong Technologies Limited ("Ban Leong") was incorporated inSingaporeon18 June 1993and was listed on the Main Board of the Singapore Exchange Securities Trading Limited on23 June 2005. The principal activities ofBan Leongand its subsidiaries are the wholesale and distribution of computer peripherals, accessories and other multimedia products.Ban Leongdistributes a wide range of technology products, with key segments that include IT accessories, gaming, multimedia, smart technology and commercial products.Ban Leongis headquartered inSingaporewith regional offices inMalaysiaandThailand.

Forward-Looking Statements

All statements other than statements of historical facts included in this press release are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as"aim","seek","expect","anticipate","estimate","believe","intend","project","plan","strategy","forecast","targets"and similar expressions or future or conditional verbs such as"will","would","should","could","may"and"might". These statements reflect the Offeror's current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results or outcomes may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and the Offeror does not undertake any obligation to update publicly or revise any forward-looking statements, subject to compliance with all applicable laws and regulations.

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SOURCE Epicsoft Asia Pte Ltd