Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 318

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 318
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 as of September 30, 2024 and March 31, 2024:

|                                          |     | 2024 | Carrying Value at 
     September 30, |     | Level 1 | Fair Value Measurement at 
 September 30, 2024        |     | Level 2 |   |     | Level 3 |           |
|:-----------------------------------------|:----|:-----|------------------:|:----|:--------|:--------------------------|:----|:--------|:--|:----|:--------|----------:|
| Contingent consideration for acquisition |     | $    |         3,426,385 |     | $       | -                         |     | $       | - |     | $       | 3,426,385 |

|                                          |     | 2024 | Carrying Value at 
         March 31, |     | Level 1 | Fair Value Measurement at 
 March 31, 2024            |     | Level 2 |   |     | Level 3 |           |
|:-----------------------------------------|:----|:-----|------------------:|:----|:--------|:--------------------------|:----|:--------|:--|:----|:--------|----------:|
| Contingent consideration for acquisition |     | $    |         3,697,000 |     | $       | -                         |     | $       | - |     | $       | 3,697,000 |

The
following is a reconciliation of the beginning and ending balance of the financial liability measured at fair value on a recurring basis
for the six months ended September 30, 2024 and for the years ended March 31, 2024:

|                                                                  |     | Contingent        
 consideration for 
 acquisition       |           |   |
|:-----------------------------------------------------------------|:----|:------------------|----------:|:--|
| Ending balance as of March 31, 2023                              |     | $                 | 4,293,000 |   |
| Payment of cash and share consideration                          |     |                   |  (806,710 | ) |
| Change in fair value of contingent consideration for acquisition |     |                   |   272,029 |   |
| Exchange rate difference                                         |     |                   |   (61,319 | ) |
| Ending balance as of March 31, 2024                              |     |                   | 3,697,