Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 222

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 222
---
 the business combination as if it had occurred on April 1, 2022 and combines the
results of operations of the Company since then. The unaudited pro forma information is presented after applying the Company’s
accounting policies and elimination intra-entity transactions, as applicable.

|                                |     | 2024 |              For the 
 year ended March 31, |   |     | 2023 |              For the 
 year ended March 31, |
|:-------------------------------|:----|:-----|---------------------:|:--|:----|:-----|---------------------:|
| Unaudited pro forma revenue    |     | $    |           97,534,701 |   |     | $    |           78,051,283 |
| Unaudited pro forma net income |     | $    |           (1,960,956 | ) |     | $    |            2,273,155 |

The following tables summarizes the consideration
transferred to acquiring starry at the date of acquisition:

| Share issuance*                   |     | $ | 564,546 |
| Total consideration at fair value |     | $ | 564,546 |

The following table summarizes
the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase
price allocation at the date of the acquisition of Starry:

|                             |     | Fair value  
 as of       
 acquisition 
 date        |         |   |
|:----------------------------|:----|:------------|--------:|:--|
| Total consideration         |     | $           | 564,546 |   |
| Less: net assets of Starry: |     |             |         |   |
| Cash                        |     |             | 128,843 |   |
| Inventory                   |     |             |  57,102 |   |
| Prepaid expense             |     |             |  34,202 |   |
| Deposit Paid                |     |             |     442 |   |
| Intangible asset            |     |             | 131,810 |   |
| Total assets                |     |             | 352,399 |   |
| Accounts payable            |     |             |  (9,796 | ) |
| Other payable               |     |             | (23,896 | ) |
| Deferred tax liability      |     |             | (23,034 | ) |
| Total liabilities           |     |