Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 261

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 261
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 information does not include any impact
of transaction synergies and is presented for informational purposes only and is not necessarily indicative of the results of operations
that would actually have been occurred had the business combination been consummated as of that time or that may result in the future:

|                                       |     |   |   For the year 
          ended 
 March 31, 2024 |   |     |   |   For the year 
          ended 
 March 31, 2023 |
|:--------------------------------------|:----|:--|---------------:|:--|:----|:--|---------------:|
| Unaudited pro forma revenue           |     | $ |     97,534,701 |   |     | $ |     78,051,283 |
| Unaudited pro forma net (loss) income |     | $ |     (1,960,956 | ) |     | $ |      2,273,155 |

The following tables summarizes the consideration
transferred to acquiring starry at the date of acquisition:

| Share issuance*                   |     | $ | 564,546 |
| Total consideration at fair value |     | $ | 564,546 |

<div align='center'>F-38

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The following table summarizes the fair value of
the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at
the date of the acquisition of Starry:

|                             |     | Fair value       
 as of            
 acquisition date |         |   |
|:----------------------------|:----|:-----------------|--------:|:--|
| Total consideration         |     | $                | 564,546 |   |
| Less: net assets of Starry: |     |                  |         |   |
| Cash                        |     |                  | 128,843 |   |
| Inventory                   |     |                  |  57,102 |   |
| Prepaid expense             |     |                  |  34,202 |   |
| Deposit Paid                |     |                  |     442 |   |
| Intangible asset            |     |                  | 131,810 |   |
| Total assets                |     |                  | 352,399 |   |
| Accounts payable            |     |                  |  (9,796 | ) |
| Other payable               |