Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 227

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 227
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 be a corporation
or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise
significant influence over the other party in making financial and operational decisions. Companies are also considered to be related
if they are subject to common control or significant influence.

NOTE 4 — RELATED PARTY TRANSACTIONS

| a. | Nature of relationships with related party |

| Name                            |     | Relationship with the Company |
| Epicsoft Asia Pte. Ltd. (“EPA”) |     | Common                        
 Shareholder                   |

<div align='center'>F-14

GCL GLOBAL HOLDINGS LTD

NOTES TO FINANCIAL STATEMENTS

(Amounts in U.S. Dollars, except for number of shares)</div>

| b. | Dues to related party |

Dues to a related party consists of the following:

|                               |     |            | As of September 30, 
                2024 |     |   |     As of 
 March 31, 
      2024 |
|:------------------------------|:----|:-----------|--------------------:|:----|:--|----------:|
|                               |     | -Unaudited |                     |     |   |           |
| Epicsoft Asia Pte. Ltd(“EPA”) |     | $          |               6,569 |     | $ |     4,619 |

As of September 30, 2024 and
March 31, 2024, the balance due to a related party was comprised of incorporation expense paid by the Company’s related party and
was used for working capital during the Company’s ordinary course of business.

NOTE 5 — EQUITY

The authorized number of ordinary
shares of the Company is 500,000,000 shares with par value of US$0.0001 each. As of September 30, 2024 and March 31, 2024, the Company
had issued one ordinary share without consideration.

NOTE 6 — SUBSEQUENT EVENTS

The Company
has evaluated all events and transactions that occur after September 30, 2024, other than the event disclosed above and elsewhere in these
financial statements, there is no other subsequent event occurred that would require recognition or disclosure in the financial statements.

On January
2, 2025, GCL Sub 2, Inc was incorporated under the law of State of Delaware. GCL Sub 2, Inc is 100% owned