Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 253

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 253
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 from 2020 through 2024 remain open for statutory examination by the tax authorities in Malaysia.

Comprehensive loss consists of two components, namely
net income and other comprehensive loss. Other comprehensive loss refers to revenue, expenses, gains and losses that under GAAP are recorded
as an element of shareholders’ equity but are excluded from net income (loss). Other comprehensive loss includes items such as results
of foreign currency translation adjustment.

<div align='center'>F-33

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company computes earnings or loss per share
(“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted
EPS. Basic EPS is measured as net income attributable to the Company divided by the weighted average ordinary share outstanding for the
period. Diluted EPS presents the diluted effect on a per share basis of the potential ordinary shares (e.g., convertible securities,
options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary
shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the
calculation of diluted EPS. For the years ended March 31, 2024 and 2023, there were no dilutive shares.

Fair value is defined as the price that would be
received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.
Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value
measurements for assets and liabilities, we consider the principal or most advantageous market in which it would transact and consider
assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs
required to measure fair value, of which the first two are considered observable and the third is considered unobservable:

Level 1 — Unadjusted quoted prices in
active markets for identical assets or liabilities.

Level 2 — Observable inputs other than
Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs
that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 — Unobservable inputs that are