Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 220

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 220
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entered into a subscription and shareholders agreement with Cloudshelf, a private limited company incorporated in England and Wales. Pursuant
to the agreement, the Company subscribed for ordinary shares in Cloudshelf for a total consideration of $71,045, representing a13.5%
equity interest of Cloushelf.

As the Company does not have
significant influence over Cloudshelf, the investment is accounted for in accordance with ASC 321, The investment is measured at cost,
with subsequent remeasurement to fair value only upon impairment or when there are observable prince changes in orderly transactions for
identical or similarly investments. As of March 31, 2025, no impairment indicators were identified, and no loss was recorded.

Note 14 - Bank Loans

Outstanding balance of banking facilities consisted of the following:

  Bank name                                  Maturity                                         Collateral/Guarantee                                                                                             March 31,                      March 31,                 
                                             date                                                                                                                                                              2025                           2024                      
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  United Overseas Bank Limited (“ UOB”)      July 2025                        2.5%            Personal Guarantee by Choo See Wee, the Chairman of the Company, and GCL BVI.                                    $                 209,633      $                826,000  
  Citi Bank                                  June 2025 to July 2025           4.3%- 6.1%      Personal Guarantee by Choo See Wee, the Chairman of the Company. Collateral by fixed deposit in bank                             2,738,728                     2,799,249  
  HSBC Bank                                  April 2025 to July 2025          4.3%- 6.1%      Personal Guarantee by Choo See Wee, the Chairman of the Company. Collateral by fixed deposit in bank                             6,015,053                     5,395,568  
  HSBC Loan*                                 March 2025 to February 2027      6.33%           Personal Guarantee by Choo See Wee, the Chairman of the Company.                                                                 2,875,000                             -  
  DBS Bank Ltd                               May 2027                         6.9%            Personal Guarantee by Choo See Wee, the Chairman of the Company, and Tan Jian Hao, the CEO of Titan Digital