Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 334

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 334
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417 |   |
| Under provision in respect of previous years                                     |     |                              |    28,172 |   |     |   |   105,635 |   |
| Others                                                                           |     |                              |    (5,201 | ) |     |   |   (31,473 | ) |
| Income tax expense recognised in consolidated statements of comprehensive income |     |                              |   893,015 |   |     |   |   955,401 |   |

The Company has unrecognised tax losses
of S$298,000 (2024: Nil) and unutilised capital allowances of S$3,000 (2024: Nil) at the reporting date which can be carried and used
to offset against future taxable income subject to meeting certain statutory requirements. The tax losses and capital allowances have
no expiry date.

The corporate income tax rates applicable
to the overseas subsidiaries are as follows:

|          |     | Corporate tax rate |    |     |      |    |
|          |     |               2025 |    |     | 2024 |    |
|          |     |                  % |    |     |    % |    |
| Malaysia |     |                    | 24 |     |      | 24 |
| Thailand |     |                    | 20 |     |      | 20 |
| China    |     |                    | 25 |     |      | 25 |

Net income before income taxes by jurisdiction are as following:

|           |     | For the year ended March 31, |      2025 |   |     |   |      2024 |   |
|:----------|:----|:-----------------------------|----------:|:--|:----|:--|----------:|:--|
|           |     | $                            |           |   |     | $ |           |   |
| Singapore |     |                              | 4,523,054 |   |     |   | 7,632,328 |   |
| Malaysia  |     |                              |   271,461 |   |     |   |   454,883 |   |
| Thailand  |     |                              |   160,893 |   |     |   |   252,518 |   |
| China     |     |                              |    (3,308 | ) |     |   |    (3,584 | ) |
|           |     |                              | 4