SINGAPORE, March 31, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, and the Hainan Animation and Gaming Association (“the Association”), a key industry organization in the animation and gaming sector in Hainan, China, today announced the signing of a non-binding memorandum of understanding (the “MOU”) for a proposed long-term strategic partnership to accelerate the development of the animation and gaming industry in China’s Hainan province.
Under the MOU, parties have agreed to collaborate on developing gaming industry strategies with an international perspective. By combining resources and innovation, GCL and the Association aim to build a gaming ecosystem that supports sustainable game development initiatives and attracts global enterprises and talent to Hainan, China.
Li Kai, Chairman of Hainan Animation and Gaming Association, said, “Today marks a pivotal moment as we begin talks on a partnership that could re-shape the business landscape of this region. If our goals are realized, I’m confident that we will be able to provide unmatched value to animators, game developers, and small-to-medium game studios. Together with GCL, we have an opportunity to establish Hainan as a hub for the video game industry in China.”
With the proposed strategic partnership, GCL plans to leverage the Association’s economic and industry resources in the region to enhance its portfolio of games under development with new, internationally competitive concepts, develop new IP initiatives that can translate into globally appealing animation and gaming brands, and expand its network to potentially grow its game publishing business.
“A partnership with the Association will allow GCL to deepen its game publishing network in China and capitalize on opportunities presented by the growing number of indie game developers in China,” said Sebastian Toke, Group CEO of GCL. “By combining our resources and expertise, we hope to create jobs and foster a dynamic industry that will fuel innovation for years to come.”
Establishment of the proposed strategic partnership is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.
About GCL Global Holdings Ltd GCL Global Holdings Ltd. 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.
Drawing on a deep understanding of gaming trends and market dynamics, GCL Group 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 at http://www.gclglobalholdings.com.
About Hainan Animation and Gaming Association A key industry organization in Hainan's animation and gaming sector in Hainan, China, that oversees extensive industry resources and plays a significant role in advancing the development of its regional animation and gaming industry.
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