GCL and Harmony Capital Sign Non-Binding Term Sheet to Launch Up to RMB150 Million Game and Cultural Industry Fund

Core Viewpoint - GCL Global Holdings Ltd has signed a non-binding term sheet with Harmony Capital to establish the GCL Game and Cultural Industry Fund, focusing on strategic investments in China's game development and publishing sectors with a budget of RMB100 million to RMB150 million [1][2]. Group 1: Fund Details - The proposed fund aims to allocate over 70% of its capital to game development and publishing, with additional resources for film and television adaptations of game intellectual properties (IPs) and other cultural ventures [3]. - The fund is expected to operate over a seven-year term, including a four-year investment period followed by a three-year exit period, with possible extensions subject to unanimous partners' approval [3]. Group 2: Company Overview - GCL Global Holdings Ltd focuses on immersive games and entertainment experiences, targeting the rapidly expanding Asian gaming market [4]. - The company leverages its diverse portfolio of digital and physical content to introduce Asian-developed IP to a global audience across various platforms [5]. Group 3: Harmony Capital Overview - Harmony Capital is a private equity fund manager with over 8 billion CNY in assets, focusing on high-growth sectors including advanced manufacturing, life sciences, and new energy [5][6]. - Founded in 2019, Harmony Capital partners with global institutions and offers services such as wealth management, enterprise financing, and IPO consulting [6].