Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 284

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 284
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 game segment are accounted for approximately 17%, 12%, 11%, and 11% of
the Company’s total revenue, respectively. For the year ended March 31, 2023 customers A, B and C from the Company’s
distribution of console game segment accounted for approximately 13%, 11% and 10% of the Company’s total revenue, 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. As of March 31, 2023, customers D, A and B from the Company’s distribution of console game segment accounted
for approximately 35%, 25% and 15% of the total balance of account receivable, respectively.

| (b) | Major vendors |

For the years 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 accounted for approximately 25%, 14% and 12% of the Company’s total cost of
goods sold, 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. As of March 31, 2023,
vendors b, f and a were accounted for approximately 32%, 29%, and 23% of the Company’s total balance of accounts payable, respectively.

| (c) | 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 $55,659 (SGD 75,000) per account. As of
March 31, 2024 and 2023, the Company had cash balance of $2,483,834 and $2,233,699 was maintained at DI Scheme banks in Singapore,
of $2,256,282 and $2,016,069 was subject to credit risk, respectively. The Hong Kong Deposit Protection Board pays compensation up to
a limit of $63,890 (HK