Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 225

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 225
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 expects the Full Recoupment Date to occur more than twelve months after March 31, 2025, the investment payable
related to the $7,500,000share consideration has been classified as non-current.

F-42

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 18 - Related party balances and transactions

Related party balances

Amount due from related parties

  Name of related party                   Relationship                                                                Nature                                              As of                       As of                  
                                                                                                                                                                          March 31,                   March 31,              
                                                                                                                                                                          2025                        2024                   
  Epicsoft Ventures Pte Ltd               Common shareholders                                                         Reimbursement of business expenses                  $                  426      $              -       
  SEGA Corporation                        Shareholder of the Company                                                  Recoupable advertising fee receivable                              377,904                             
  Jianhao Tan                             CEO of Titan Digital                                                        Interest free loan due on demand                                         -                     21,880  
  Joseph Thomas Van Heeswijk              Minority Shareholder of 2Game                                               Director loan, interest free, no maturity date                       8,873                     -       
  Jianhao Tan Brand Ventures Pte Ltd      Jianhao Tan, the shareholder of JHTB Venture, the CEO of Titan Digital      Expenses paid on behalf                                              5,131                     -       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                                                                                                                   $              392,334      $              21,880  

Prepayment, a related party

  Name of related party      Relationship                    Nature                                                                                                               As of                         As of      
                                                                                                                                                                                  March 31,                     March 31,  
                                                                                                                                                                                  2025                          2024       
  Nekcom Inc                 Equity securities investee      Prepayment for a recoupable minimum sales guarantee, Five (5) years following the First Commercial Release Date      $              3,000,000      $          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Accounts payable, a related party

  Name of related party      Relationship                    Nature        As of                         As of                     
                                                                           March 31,                     March 31,                 
                                                                           2025                          2024                      
  SEGA Corporation           Shareholder of the Company      Purchase