Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 291

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 291
---
 publishing segment for approximately 31%,
17%, 17 and 12% of the total balance of accounts receivable, respectively. As of March 31, 2024, customers A and B from the Company’s
distribution of console game segment accounted for approximately 42% and 14% of the total balance of account receivable, respectively.

(2) Major vendors

For the year ended March
31, 2025, three vendors a, b and o are accounted for approximately 41%, 13% and 10% of the Company’s total cost of goods sold,
respectively. For the year ended March 31, 2024, two vendors a and b are accounted for approximately 34% and 21% of the Company’s
total cost of goods sold, respectively For the year ended March 31, 2023, three vendors a, b, and c are accounted for approximately 25%,
14% and 12% of the Company’s total cost of goods sold, respectively.

As of March 31, 2025, vendors
h, a, and e accounted for approximately 46%, 16% and 16% of the Company’s total balance of accounts payable, respectively. As of
March 31, 2024, vendors a, h and f accounted for approximately 29%, 12%, and 10% of the Company’s total balance of accounts
payable, respectively.

(3) Credit risk

Financial
instruments that are potentially subject to significant concentrations of credit risk consist
primarily of cash. The Singapore Deposit Insurance Corporation Limited (SDIC) insures deposits
in a Deposit Insurance (DI) Scheme member bank or finance /Company up to approximately $55,783
(SGD 75,000) per account. As of March 31, 2025 and 2024, the Company had cash balance of
$17,323,837, and $2,483,834 was maintained at DI Scheme banks in Singapore, of $16,379,947
and $2,256,282 was subject to credit risk, respectively. The Hong Kong Deposit Protection
Board pays compensation up to a limit of $102,829 (HKD 800,000) if the bank with which an
individual/a Company hold its eligible deposit fails. As of March 31, 2025 and 2024, cash
balance of $427,289 and $135,184 was maintained at financial institutions in