Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 293

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 293
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     |   |    2024 |   |
|:---------------------|:----|:-----------------------------|--------:|:--|:----|:--|--------:|:--|
|                      |     | $                            |         |   |     | $ |         |   |
| Deferred tax assets  |     |                              |         |   |     |   |         |   |
| Provisions           |     |                              | 128,330 |   |     |   |  37,293 |   |
| Other items          |     |                              | (93,378 | ) |     |   | (23,093 | ) |
| Currency realignment |     |                              |     363 |   |     |   |       – |   |
|                      |     |                              |  35,315 |   |     |   |  14,200 |   |

Unrecognized Tax Benefit The Company evaluated its income tax uncertainty under ASC 740-10. ASC 740-10 clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. As of and for the years ended March 31, 2025, there was no significant impact from tax uncertainties on the Company’s financial position and result of operations.

| 19. | Related party transactions |

The Company had the following related party transactions:

|                                                                  |     | For the year ended March 31, | 2025 |     |   | 2024 |
|:-----------------------------------------------------------------|:----|:-----------------------------|-----:|:----|:--|-----:|
|                                                                  |     | $                            |      |     | $ |      |
| Service fee rendered to non-controlling interest of a subsidiary |     |                              |  546 |     |   |  435 |

F-87 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

| 20. | Subsequent events |

We have evaluated subsequent events from the balance sheet date through August 26, 2025, the date these consolidated financial statements were available to be issued, and no material subsequent events have occurred since March 31, 2025, that require recognition or disclosure in the financial statements other than the following: On April 30, 2025, Epicsoft Asia Pte. Ltd (“the Offeror”) announced