Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 300

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 300
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 rate     |     |                              | 1.2831 |     |      |      - |     |           | 1.3475 |
| Period-end HKD: US$1 exchange rate     |     |                              | 7.7693 |     |      |      - |     |           | 7.8259 |
| Period-end MYR: US$1 exchange rate     |     |                              | 4.1210 |     |      |      - |     |           | 4.7225 |
| Period-end RMB: US$1 exchange rate     |     |                              | 7.0176 |     |      |      - |     |           |      - |
| Period-end BRL: US$1 exchange rate     |     |                              | 5.4509 |     |      |      - |     |           |      - |
| Period-average SGD: US$1 exchange rate |     |                              | 1.3362 |     |      | 1.3443 |     |           | 1.3447 |
| Period-average HKD: US$1 exchange rate |     |                              | 7.2023 |     |      | 7.8317 |     |           | 7.8246 |
| Period-average MYR: US$1 exchange rate |     |                              | 4.3513 |     |      | 4.5740 |     |           | 4.6409 |
| Period-average RMB: US$1 exchange rate |     |                              | 7.2023 |     |      |      - |     |           |      - |
| Period-average BRL: US$1 exchange rate |     |                              | 5.3784 |     |      |      - |     |           |      - |

The
Company accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805 “Business
Combinations.” The cost of an acquisition is measured as the aggregate of the acquisition date fair value of the assets transferred
to the sellers and liabilities incurred by the Company and equity instruments issued. Transaction costs directly attributable to the
acquisition are expensed as incurred. Identifiable assets and liabilities acquired or assumed are measured separately at their fair values
as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total costs of acquisition,
fair value of the non-controlling interests and acquisition