This is a quite uncommon launch pack of “Victory Boxing 2”. The red plastic box has the shape of a boxing glove and the content is revealed by pulling off the yellow cardboard sheet on its back.
According to the seller of this item, this pack was handed out to video game retailers for the launch of the game. The bundle contains a “Victory Boxing 2” demo disc, instruction leaflet and a mouthguard in a plastic box with instruction manual.
This launch pack was totally unknown for me before I found this copy on ebay.