Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 241

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 241
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 annually, more often when circumstances indicate impairment may have occurred.
Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair
value and the loss is recognized in the consolidated statements of operations and comprehensive loss. Impairment losses on goodwill are
not reversed.

The Company reviews the carrying value of intangible
assets not subject to amortization, including goodwill, to determine whether impairment may exist annually or more frequently if events
and circumstances indicate that it is more likely than not that an impairment has occurred. Management has determined that the Company
has two reporting unit within the entity at which goodwill is monitored for internal management purposes.

The table below summarizes the changes in the carrying amount
of goodwill for each reporting unit:

| Balance at March 31, 2022 |     | Console 
 game    |         — |     | Game Publishing | — |     | Media advertising service | — |     | Others |       — |     | Total |         — |
|:--------------------------|:----|:--------|----------:|:----|:----------------|:--|:----|:--------------------------|:--|:----|:-------|--------:|:----|:------|----------:|
| Acquired goodwill         |     |         | 2,047,154 |     |                 | — |     |                           | — |     |        |       — |     |       | 2,047,154 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2023 |     | $       | 2,047,154 |     | $               | — |     | $                         | — |     | $      |       — |     | $     | 2,047,154 |
| Acquired goodwill         |     |         |   674,367 |     |                 | — |     |                           | — |     |        | 268,873 |     |       |   943,240 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2024 |     | $       | 2,721,521 |     | $               |