Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 220

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 220
---
----|:-----|----------:|:--|:----|:-----|----------:|:--|
| Deposits (i)                                          |     | $    |   273,041 |   |     | $    |    42,832 |   |
| Prepaid expenses (ii)                                 |     |      | 1,122,403 |   |     |      |    18,279 |   |
| Prepaid income tax (iii)                              |     |      |     1,812 |   |     |      |    23,366 |   |
| GST recoverable (iv)                                  |     |      |   209,880 |   |     |      |   232,367 |   |
| Other receivables (v)                                 |     |      |   153,809 |   |     |      |   197,102 |   |
| Less: allowance for credit loss                       |     |      |   (27,923 | ) |     |      |   (52,949 | ) |
| Total other receivables and other current assets, net |     | $    | 1,733,022 |   |     | $    |   460,997 |   |

| (i) | Deposits |

The balance of deposit mainly comprised deposits made for
rental and utility service of the Company.

| (ii) | Prepaid expenses |

The balance of prepaid expenses represented prepayment for
services, such as subscription fees, advertising expenses, and director & officer insurance.

<div align='center'>F-36

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| (iii) | Prepaid income tax |

The balance of prepaid income tax represents
prepaid estimated income tax from the Company’s Singapore subsidiary.

| (iv) | GST recoverable |

The balance of GST recoverable represented
the amount of GST, which resulted from historical purchasing activities and could be further used for deducting future GST in Singapore.

| (v) | Other receivables |

The balance of other receivables mainly represented balance
due from vendor for marketing expense paid on behalf.

Movement of allowance for credit loss
for the years ended March 31, 2025, 2024, and 2023 are as follows:

|                        |     |   | March 31, 
      202