Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 285

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 285
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:--|---------:|:--|
|                                                          |     | $               |         |   |     | $ |          |   |
| Movement in allowance accounts:                          |     |                 |         |   |     |   |          |   |
| At April 1                                               |     |                 | 182,690 |   |     |   |  330,690 |   |
| Allowance for/(writeback of) expected credit losses, net |     |                 |  26,316 |   |     |   | (148,000 | ) |
| Written off                                              |     |                 |  (8,977 | ) |     |   |        – |   |
| At March 31                                              |     |                 | 200,029 |   |     |   |  182,690 |   |

F-77 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

| 5. | Inventories |

|                |     | As of March 31, |       2025 |     |   |       2024 |
|:---------------|:----|:----------------|-----------:|:----|:--|-----------:|
|                |     | $               |            |     | $ |            |
| Balance sheet: |     |                 |            |     |   |            |
| Finished goods |     |                 | 33,567,179 |     |   | 31,208,023 |

As of March 31, 2025 and 2024, inventory valuation reserves, which are principally comprised of allowances for estimated excess and obsolete inventories, amounted to $138,935 and $47,134 respectively.

| 6. | Other receivable and other assets, net |

|                                |     | As of March 31, 
 2025            |           |     | 2024 |           |
|:-------------------------------|:----|:----------------|----------:|:----|:-----|----------:|
|                                |     | $               |           |     | $    |           |
| Current                        |     |                 |           |     |      |           |
| Investment in convertible note |     |                 | 3,502,200 |     |      |         – |
| Other receivables              |     |                 |   235,524 |     |      |