Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 348

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 348
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 its
existing leases is approximately 3.9 and 4.4 years, respectively.

Operating and finance lease expenses consist
of the following:

|                               |     |                                     |     | For the Six Months Ended September 30, |         |     |            |         |
|                               |     | Classification                      |     |                                   2024 |         |     |       2023 |         |
|                               |     |                                     |     |                             -Unaudited |         |     | -Unaudited |         |
| Operating lease cost          |     |                                     |     |                                        |         |     |            |         |
| Lease expenses                |     | General and administrative          |     |                                        | 478,663 |     |            | 229,927 |
| Finance lease cost            |     |                                     |     |                                        |         |     |            |         |
| Amortization of leased asset  |     | General and administrative          |     |                                        |  56,246 |     |            |  19,628 |
| Interest on lease liabilities |     | Interest expenses on finance leases |     |                                        |   6,137 |     |            |   2,516 |
| Total lease expenses          |     |                                     |     |                                      $ | 541,046 |     |          $ | 252,071 |

Weighted-average remaining term and discount
rate related to leases were as follows:

|                                 |     | As of         
 September 30, 
 2024          |     | As of     
 March 31, 
 2024      |
|:--------------------------------|:----|:--------------|:----|:----------|
|                                 |     | -Unaudited    |     |           |
| Weighted-average remaining term |     |               |     |           |
| Operating lease                 |     | 1.3 years     |     | 1.6 years |
| Finance leases                  |     | 3.9 years     |     | 4.4 years |
| Weighted-average discount rate  |     |               |     |           |
| Operating lease                 |     | 4.6 %         |     | 4.9%      |
| Finance leases                  |     | 4.6 %         |     | 4.5%      |

<div align='center'>F-92

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CON