Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 242

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 242
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 | — |     | Media advertising service | — |     | Others |       — |     | Total |         — |
|:--------------------------|:----|:--------|----------:|:----|:----------------|:--|:----|:--------------------------|:--|:----|:-------|--------:|:----|:------|----------:|
| Acquired goodwill         |     |         | 2,047,154 |     |                 | — |     |                           | — |     |        |       — |     |       | 2,047,154 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2023 |     | $       | 2,047,154 |     | $               | — |     | $                         | — |     | $      |       — |     | $     | 2,047,154 |
| Acquired goodwill         |     |         |   674,367 |     |                 | — |     |                           | — |     |        | 268,873 |     |       |   943,240 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2024 |     | $       | 2,721,521 |     | $               | — |     | $                         | — |     | $      | 268,873 |     | $     | 2,990,394 |

<div align='center'>F-27

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company adopted ASU 2017-04 in 2021, which primary
goal is to simplify the goodwill impairment test and provide cost savings for all entities. This is accomplished by removing the requirement
to determine the fair value of individual assets and liabilities in order to calculate a reporting unit’s “implied”
goodwill under current GAAP.

The amendments in ASU 2017-04 eliminate Step 2 of
the goodwill impairment test. As such, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value