Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 275

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 275
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                                                       |     |   | March 31, 
      2024 |   |     |   | March 31, 
      2023 |   |
|:------------------------------------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Deposits(i)                                           |     | $ |    42,832 |   |     | $ |    19,374 |   |
| Prepaid expenses(ii)                                  |     |   |    18,279 |   |     |   |   171,302 |   |
| Prepaid income tax(iii)                               |     |   |    23,366 |   |     |   |   351,744 |   |
| GST recoverable and prepaid income tax(iv)            |     |   |   232,367 |   |     |   |    12,612 |   |
| Other receivables(v)                                  |     |   |   197,102 |   |     |   |   389,534 |   |
| Less: allowance for credit loss                       |     |   |   (52,949 | ) |     |   |    (3,747 | ) |
| Total other receivables and other current assets, net |     | $ |   460,997 |   |     | $ |   940,819 |   |

| (i) | Deposits |

The balance of deposit mainly comprised deposits made for
rental and utility service of the Company.

| (ii) | Prepaid expenses |

The balance of prepaid expenses represented prepayment for
services, such as subscription fees and advertising expenses.

| (iii) | Prepaid income tax |

The balance of prepaid income tax represents prepaid estimated
income tax from the Company’s HK, Malaysia, and Singapore subsidiaries.

| (iv) | GST recoverable |

The balance of GST recoverable represented the amount of GST,
which resulted from historical purchasing activities and could be further used for deducting future GST in Singapore.

<div align='center'>F-44

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| (v) | Other receivables |

The balance of other receivables mainly represented balance
due from vendor for marketing expense paid on behalf.

Movement of allowance for credit loss for the years ended
March 31, 202