Exhibit 21.2

List of Subsidiaries

Upon consummation of the Business Combination, GCL Global Holdings Ltd. will directly or indirectly hold the following subsidiaries:

· GCL Global Limited;

· GCL Global Pte. Ltd.;

· Grand Centrex Limited;

· Epicsoft Asia Pte. Ltd.;

· Epicsoft (Hong Kong) Limited;

· Epicsoft Malaysia Sdn Bhd;

· Titan Digital Media Pte. Ltd.;

· Starry Jewelry Pte. Ltd.;

· Martiangear Pte. Ltd.;

· 4Divinity Pte. Ltd.;

· 4Divinity UK Ltd;

· 2Game Digital Limited;

· 2Game Pro Ltd.;

· 2Game Digital DMCC;

· Hainan GCL Technology Co. Ltd; and

· RF Acquisition Corp.