Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 272

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 272
---
 were
comprised of the following:

|                                                     |     |   |  March 31, 
       2024 |   |     |   |  March 31, 
       2023 |   |
|:----------------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Receivables from console game and console game code |     | $ | 15,123,775 |   |     | $ | 10,726,697 |   |
| Receivables from game publishing                    |     |   |  2,282,228 |   |     |   |  5,969,401 |   |
| Receivables from advertising service                |     |   |    332,540 |   |     |   |    371,082 |   |
| Less: Allowance for credit loss                     |     |   |   (325,457 | ) |     |   |    (55,533 | ) |
| Accounts receivable, net                            |     | $ | 17,413,086 |   |     | $ | 17,011,647 |   |

<div align='center'>F-43

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Movement of credit loss for the years ended March 31,
2024 and 2023 are as follows:

|                          |     |   | March 31, 
      2024 |   |     |   | March 31, 
      2023 |   |
|:-------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Beginning balance        |     | $ |    55,533 |   |     | $ |    12,588 |   |
| Addition                 |     |   |   277,273 |   |     |   |    42,878 |   |
| Write-off                |     |   |         — |   |     |   |    (1,521 | ) |
| Translation adjustment   |     |   |    (7,349 | ) |     |   |     1,588 |   |
| Accounts receivable, net |     | $ |   325,457 |   |     | $ |    55,533