Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 258

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 258
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 (SDIC) insures deposits in a Deposit Insurance (DI) Scheme member bank or finance /Company up to approximately $ 55,783(SGD 75,000) per account. As of March 31, 2025 and 2024, the Company had cash balance of $ 17,323,837, and $ 2,483,834was maintained at DI Scheme banks in Singapore, of $ 16,379,947and $ 2,256,282was subject to credit risk, respectively. The Hong Kong Deposit Protection Board pays compensation up to a limit of $ 102,829(HKD 800,000) if the bank with which an individual/a Company hold its eligible deposit fails. As of March 31, 2025 and 2024, cash balance of $ 427,289and $ 135,184was maintained at financial institutions in Hong Kong, of which $ 218,660and $ 42,448were subject to credit risk, respectively. The Malaysia deposit insurance corporation (PIDM) standard insurance amount is up to $ 56,351(MYR 250,000) per depositor per insured bank. As of March 31, 2025 and 2024, the Company had cash balance of $ 110,745and $ 58,041was maintained at banks in Malaysia, of $ 50,485and $ 1,663was subject to credit risk. The Brazilian Deposit Insurance System (FGC) provides deposit insurance coverage of up to $ 43,550(BRL 250,000) per depositor per financial institution. As of March 31, 2025, and March 31, 2024, the Company had cash balances of $ 7,526and $ 0maintained in Brazilian financial institutions, of which $ 0were subject to credit risk. The China’s Deposit Insurance Fund (DIF) provides deposit insurance coverage of up to $ 68,902(RMB 500,000) per depositor per financial institution. As of March 31, 2025, and March 31, 2024, the Company had cash balances of $ 377,982and $ 0maintained in China’s financial institutions, of which $ 309,048and $ 0were subject to credit risk, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. The Company is also exposed to risk from accounts