Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 286

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 286
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U assets and lease liabilities are determined
based on the present value of the future minimum rental payments of the lease using an weighted average effective interest rate of 4.9%
and 3.3% respectively for the years ended March 31, 2024 and 2023, which is determined using various incremental borrowing rate
with similar term in Singapore, Hong Kong, and Malaysia.

As of March 31, 2024 and 2023, the weighted-average
remaining operating lease term of its existing leases is approximately 1.6 and 1.9 years, respectively. As of March 31, 2024
and 2023, the weighted-average remaining financing lease term of its existing leases is approximately 4.4 and 4.0 years, respectively.

Operating and finance lease expenses consist of the following:

|                               |     |                                     |     | For the years ended 
           March 31, |         |     |      |         |
|                               |     | Classification                      |     |                2024 |         |     | 2023 |         |
| Operating lease cost          |     |                                     |     |                     |         |     |      |         |
| Lease expenses                |     | General and administrative          |     |                     | 866,481 |     |      | 675,655 |
| Finance lease cost            |     |                                     |     |                     |         |     |      |         |
| Amortization of leased asset  |     | General and administrative          |     |                     |  43,900 |     |      |  26,556 |
| Interest on lease liabilities |     | Interest expenses on finance leases |     |                     |   4,234 |     |      |   3,389 |
| Total lease expenses          |     |                                     |     |                   $ | 914,615 |     |    $ | 705,600 |

Weighted-average remaining term and discount rate related
to leases were as follows:

|                                 |     | As of     
 March 31, 
 2024      |     | As of     
 March 31, 
 2023      |
|:--------------------------------|:----|:----------|:----|:----------|
| Weighted-average remaining term |     |           |     |           |
| Operating lease                 |     | 1.6 years |     | 1.9 years |
| Finance leases                  |     | 4.4 years |