Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 265

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 265
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 Present value of lease liabilities              |     | $         | 487,119 |   |     | $        | 249,134 |   |     | $     | 736,253 |   |
| Present value of lease liabilities, current     |     | $         | 376,751 |   |     | $        |  84,528 |   |     | $     | 461,279 |   |
| Present value of lease liabilities, non-current |     | $         | 110,368 |   |     | $        | 164,606 |   |     | $     | 274,974 |   |

F-52 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 23 — Commitments and contingencies Contingencies Legal From time to time, the Company is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements. Commitment On December 18, 2024, the Company, through its subsidiary 4Divinity SG, entered into a Publishing Agreement with NEKCOM Private Limited and its PRC affiliate (collectively, “NEKCOM”), pursuant to which 4Divinity SG was appointed as the global publisher and distributor of the video game SHOWA American Story(the “Licensed Game”) for all platforms and territories, excluding certain regions previously licensed to other parties. Under the terms of the agreement, 4Divinity SG committed to a fully recoupable minimum sales guarantee of $ 5.0million, payable in tranches as defined in the agreement. In addition, 4Divinity SG agreed to furnish a non-recoupable marketing budget of $ 5,000,000, which will be used to support global marketing efforts for the Licensed Game. As of March 31, 2025, the Company had paid $ 3,000,000of the minimum sales guarantee (See Note 18).

Note 24 — Earning (loss) per share

For the purpose of calculating
earnings (loss) per share, the number of shares used in the calculation reflects the outstanding shares of the Company as if the reverse
recapitalization as described in Note 3 took place at the beginning of the earliest period presented.

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