Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 298

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 298
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   |
| Interest paid                                                               |     | $                        |    359,624 |   |     | $    |     254,172 |   |
| SUPPLEMENTAL NON-CASH FLOWS INFORMATION                                     |     |                          |            |   |     |      |             |   |
| Fair value of share issuance in acquisition of a subsidiary                 |     | $                        |          - |   |     | $    |     687,348 |   |
| Right-of-use assets in exchange for operating lease liabilities             |     | $                        |    177,704 |   |     | $    |           - |   |
| Recognition of non-controlling interest from acquisition of subsidiaries    |     | $                        |          - |   |     | $    |     182,599 |   |

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same amounts shown in the statement of cash flows:

|                                                      |     | September 30, |            |     | September 30, |           |
|                                                      |     |          2024 |            |     |          2023 |           |
| Cash and cash equivalents                            |     |               |  7,727,167 |     |               | 4,207,779 |
| Restricted cash                                      |     |               |  2,577,553 |     |               | 1,633,561 |
| Total cash and cash equivalents, and restricted cash |     |               | 10,304,720 |     |               | 5,841,340 |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-60

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 1 — Nature of business and organization

GCL
Global Limited (“GCL Global” or the “Company”) was incorporated and registered as an exempted Company with limited
liability on September 8, 2023, under the laws of the Cayman Islands. GCL Global is a holding Company and has no substantive operations
other than holding all of the outstanding equities of its directly and indirectly owned subsidiaries through various recapitalizations.
GCL Global and its subsidiaries are hereafter referred as the Company.

The
Company,