Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 226

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 226
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 $              4,567,337      $              6,567,480  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Amount due to related parties

  Name of related party           Relationship                       Nature                                                           As of                       As of                   
                                                                                                                                      March 31,                   March 31,               
                                                                                                                                      2025                        2024                    
  Choo See Wee (“ Jacky”)         Chairman of the Company            Loan from Director, interest fee and repayable on demand         $               12,293      $              482,252  
  Tan Jian Hao                    Shareholder of the Company         Loan from Director, interest fee and repayable on demand                         56,127                     -        
  Joseph Thomas Van Heeswijk      Minority Shareholder of 2Game      Loan from Director                                                                    -                     128      
  Joseph Thomas Van Heeswijk      Minority Shareholder of 2Game      Consideration payable for 10% controlling interest in 2Game                     197,885                     -        
  Shaun Amah Goz                  Minority Shareholder of 2Game      Consideration payable for 10% controlling interest in 2Game                     197,885                     -        
  Wong Wan Ping Mario             Minority Shareholder of 2Game      Consideration payable for 10% controlling interest in 2Game                     197,885                     -        
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Debbie Soon                     Director of Starry Jewelry         Expenses paid on behalf                                                             743                     -        
  Mr. Shaun                       Director of 2 Game Dubai           Expenses paid on behalf                                                          20,520                     3,636    
  Total                                                                                                                               $              683,338      $              486,016  

F-43

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Related parties’ transactions

Revenue from a related party

                                                             For the years ended March 31,                                                              
  Name of Related Party      Relationship                    2025                                              2024                  2023               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  SEGA Corporation           Shareholder of the Company      $                                  1,244,899      $         42,477      $         660,985