Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 173

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 173
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 agree with changes in the corresponding balances on the consolidated balance sheets.
Exchange rate presented below were quoted by the Federal Reserve of the United States.

<div align='center'>F-10

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Translation of foreign currencies into US$ 1 have
been made at the following exchange rates for the respective periods:

|                                        |     | As of and for the years ended 
                     March 31, |        |     |      |        |     |      |        |
|                                        |     |                          2025 |        |     | 2024 |        |     | 2023 |        |
| Period-end SGD: US$1 exchange rate     |     |                               | 1.3445 |     |      | 1.3475 |     |      | 1.3294 |
| Period-end HKD: US$1 exchange rate     |     |                               | 7.7799 |     |      | 7.8259 |     |      | 7.8499 |
| Period-end MYR: US$1 exchange rate     |     |                               | 4.4365 |     |      | 4.7225 |     |      |  4.413 |
| Period-end RMB: US$1 exchange rate     |     |                               | 7.2567 |     |      |      - |     |      |      - |
| Period-end BRL: US$1 exchange rate     |     |                               | 5.7405 |     |      |      - |     |      |      - |
| Period-end AED: US$1 exchange rate     |     |                               | 3.6730 |     |      |      - |     |      |      - |
| Period-average SGD: US$1 exchange rate |     |                               | 1.3380 |     |      | 1.3447 |     |      | 1.3739 |
| Period-average HKD: US$1 exchange rate |     |                               | 7.7930 |     |      | 7.8246 |     |      | 7.8389 |
| Period-average MYR: US$1 exchange rate |     |                               | 4.5067 |     |      | 4.6409 |     |      | 4.4467