Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 356

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 356
---
 and $199,652 for others.

<div align='center'>F-94

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Disaggregated
information of revenues by regions are as follows:

|               |     |            | For the Six Months 
              Ended 
      September 30, 
               2024 |     |            |   For the Six 
  Months Ended 
 September 30, 
          2023 |
|:--------------|:----|:-----------|-------------------:|:----|:-----------|--------------:|
|               |     | -Unaudited |                    |     | -Unaudited |               |
| Singapore     |     | $          |         25,325,176 |     | $          |    19,644,857 |
| Hong Kong     |     |            |         21,321,102 |     |            |    12,709,153 |
| Malaysia      |     |            |          2,351,890 |     |            |     3,734,559 |
| China         |     |            |          1,907,537 |     |            |             - |
| Total revenue |     | $          |         50,905,705 |     | $          |    36,088,569 |

Note 20 — Subsequent Events

The Company
evaluated all events and transactions that occurred after September 30, 2024. Other than below, the Company did not identify any
subsequent events that would have required adjustment or disclosure in the financial statements, except for the following.

On October 1,
2024, 2Game Digital DMCC, a Dubai Company was incorporated. It was 100% owned by 2Game and its primary business activity is the distribution
of console game code.

On December 4,
2024, 4Divinity UK Ltd, a United Kingdom Company was incorporated. It was 100% owned by 4Divintiy and its primary business activity is
the publishing and distribution of console game code.

In September 2024,
Hainan GCL made a secured loan in the aggregate amount of $3,000,000 to Nekcom Inc. (“Nekcom”), a Delaware parent company
of a developer of the game Showa American Story in China. Subsequently, the above-mentioned