Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 198

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 198
---
 assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted
future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities
in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows. For the years
ended March 31, 2025, 2024, and 2023, the Company did not recognize impairment loss on its finance and operating lease ROU assets.

<div align='center'>F-24

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company identifies related
parties, accounts for and discloses related party transactions in accordance with ASC 850, “Related Party Disclosures” and
other relevant ASC standards.

Corporations or individual
parties are considered to be related if they have the ability, directly or indirectly, to control the Company or exercise significant
influence over the Company in making financial and operating decisions. Entities are also considered to be related if they are subject
to common control or common significant influence.

Transactions involving related
parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings
may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were
consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

The Company adheres to ASC
450, “Contingencies” for the recognition, measurement, and disclosure of commitments and contingencies. Contingencies, representing
uncertainties related to potential liabilities or gains stemming from past events, are evaluated based on available information, legal
counsel advice, and historical experience. The Company records accruals for losses when it is probable and reasonably estimable.

The Company considers the
applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards
that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), the Company meets the
definition of an emerging growth company and has elected the extended transition period for complying with new or revised accounting standards,
which delays the adoption of these accounting standards until they would apply to private companies.

New Accounting Standards That Have Been Adopted: