Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 332

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 332
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 |               | (26,993 | ) |     |           | 49,351 |   |
| Translation adjustment |     |               |   1,308 |   |     |           |   (149 | ) |
| Ending balance         |     | $             |  27,264 |   |     | $         | 52,949 |   |

For
the six months ended September 30, 2024 and 2023, the Company recovered credit loss of $26,993 and incurred additional credit loss
of $1,262 from its other receivable balance, respectively.

Note 7 — Prepayments, net

|                                |     | September 30, 
 2024          
 (Unaudited)   |           |   |     | March 31, 
 2024      |           |   |
|:-------------------------------|:----|:--------------|----------:|:--|:----|:----------|----------:|:--|
| Prepayment                     |     | $             | 9,315,299 |   |     | $         | 5,720,400 |   |
| Less: allowance for prepayment |     |               |   (20,113 | ) |     |           |  (209,412 | ) |
| Total prepayments, net         |     | $             | 9,295,186 |   |     | $         | 5,510,998 |   |

Movement
of allowance for credit loss for the six months ended September 30, 2024 and for the year ended March 31, 2024 are as follows:

|                        |     | September 30, 
 2024          
 (Unaudited)   |          |   |     | March 31, 
 2024      |         |
|:-----------------------|:----|:--------------|---------:|:--|:----|:----------|--------:|
| Beginning balance      |     | $             |  209,412 |   |     | $         |  51,755 |
| (Recovery) Addition    |     |               | (188,759 | ) |     |           | 157,623 |
| Translation adjustment |     |               |     (540 | ) |     |           |      34 |
| Ending balance         |     | $             |   20,113 |   |     | $         | 209,412 |