Good morning to all, and good evening to any of you who are dialing in from the other side of the world. I would like to welcome everybody to the first extraordinary general meeting of shareholders of GCL Global Holdings Limited in 2026. As most of you know, I'm Sebastian, Group CEO of GCL and a corporate representative of Epicsoft Ventures Ltd., a member of GCL Global Holdings Limited. In accordance with the company's articles, if no director elected by the directors to act as chairman is present at today's general meeting, the directors here present have the ability to choose a representative to preside over the meeting as chair. With that, I propose to chair today's general meeting. Assuming all present directors are agreeable, we will proceed on this basis.
With me today at the meeting are the officers of the company, where I have Catherine Choo, co-founder, Kenny Lin, CFO, and Keith Liu, Deputy CEO. Karen Smith from Advantage Proxy, serving as our proxy solicitor and inspector of election of this meeting, is participating via Zoom. In attendance today at the meeting, we have here in person Epicsoft Ventures Ltd., represented by myself, which I will also be representing Epicsoft Ventures Ltd. as authorized representative. For those joining us via Zoom, please type in the chat function to the organizer your names, addresses, affiliations, and the control number under the barcode on the proxy card if you have it. If you are representing a corporate shareholder, please identify your personal name and the name of the shareholder you are representing.
If I can ask everyone joining us via Zoom to turn off your microphone to avoid any noise disturbance as well. Our general meeting is being conducted here at 29 Tai Seng Avenue, #02-01 Singapore 534119 and virtually by video or teleconference. A notice regarding the meeting has been placed on the company's website, and therefore, we will take the notice of meeting as being read. Any short form references or defined terms used in this meeting will refer to the terms as so defined in the notice of meeting. The company has previously received from its transfer agent, Continental Stock Transfer & Trust, a certified statement showing a total of 130,135,432 ordinary shares issued and outstanding and entitled to vote as of July 20th, 2026, the record date.
Prior to the meeting, the company has also received a signed oath from Karen Smith at Advantage Proxy that she will carry out her duties impartially and to the best of her ability.
Since more than one-third of the outstanding ordinary shares of the company carrying the right to vote are present at the meeting, I can report the presence of a quorum.
Thank you, Karen. I now formally declare the shareholder general meeting open. We wish to advise that this meeting is being recorded and that taking screenshots or photographs is not permitted. Before proceeding to the business set out in the notice convening this meeting, I would like to address a procedural matter. Under the articles of association of the company, the chairman may, with the consent of a meeting at which a quorum is present, adjourn the meeting from time to time and from place to place. Accordingly, I now propose that this meeting be adjourned to 1st December 2026 at 9:00 A.M., Singapore time, at the same place as originally convened. The directors have proposed this adjournment on the basis that the company continues to assess its compliance with applicable Nasdaq listing requirements and has concluded that the proposed share consolidation may not be necessary at this stage.
Accordingly, the directors consider it appropriate to seek shareholders' approval for the adjournment in order to allow the company additional time to evaluate the available options and determine the most appropriate course of action. I therefore propose the following ordinary resolution, that the meeting be adjourned to 1st December 2026 at 9:00 A.M., Singapore time, at the same place as originally convened. This would also be deemed the adjournment resolution. I consider that it is in the interest of the company that a poll be taken on the question of adjourning this meeting. Accordingly, pursuant to the articles of association, I hereby demand a poll on the proposed adjournment resolution.
Before voting on the following resolutions, I wish to state that acting in my capacity as the authorized representative of Epicsoft Ventures Ltd., I have voted all shares held by Epicsoft Ventures Ltd. in favor of the adjournment resolution, representing approximately 61.9% of the company's issued capital entitled to vote at the meeting. I now initiate the poll vote. If you are a shareholder, proxy, corporate representative, or authorized attorney who wishes to vote on this adjournment resolution at the meeting, please let us know by show of hand in person here, and we will hand you a ballot. If you are participating via Zoom and would like to receive a ballot to vote on this adjournment resolution, please email your request to Karen Smith at ksmith, spelled K-S-M-I-T-H, @advantageproxy.com, and Karen will email you a ballot for you to sign and return to her.
If you have any questions relating to the adjournment resolution, please raise it now in person or through the chat function or raise your hand function while we give time for the inspector of election to tabulate the votes.
Mr. Chairman, I can confirm that we have not received any ballots.
I now call votes for the adjournment resolution. I would like the inspector of election to complete her report showing a final count of the shares represented here today in person and by proxy and a tally of votes cast in regard to the adjournment resolution.
Thank you. I will now advise you of the final votes. I confirm the company has received the following valid votes in relation to the adjournment resolution. Votes in favor were 80,581,793. Votes against were zero, and abstentions were zero. The company has received valid votes representing more than 50% of votes present at the meeting in favor of the adjournment resolution. I will post the final tally, including any ballots that might have been received at a later time.
Thank you, Karen. With this, I therefore declare that adjournment resolution is carried. The meeting is now adjourned to 1st of December 2026, 9:00 A.M., Singapore time. Notice of the adjourned meeting will be posted to shareholders as soon as possible in accordance with the company's articles of association. Ladies and gentlemen, thank you all for coming. We will reconvene on the 1st of December 2026. Thank you