08:45 AM EDT, 09/05/2025 (MT Newswires) -- GCL Global Holdings ( GCL ) said Friday it has signed a non-binding term sheet with Harmony Capital to create the GCL Game and Cultural Industry Fund.

The planned fund will target between 100 million Chinese renminbi ($14 million) and 150 million Chinese Renminbi and focus mainly on investments in China's gaming development and publishing sectors, the company said.

Over 70% of the fund will be directed to gaming, with the remainder supporting film and TV adaptations of game content, other cultural projects, and select pre-IPO opportunities, GCL said.

The fund is expected to run for seven years, including a four-year investment period and three years for exits, with extensions possible on partners' approval, the company added.

Shares of the company were up 2.5% in recent Friday premarket activity.