Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 301

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 301
---
 | ●       A PRC Company                                                                                       
 ●       Incorporated on July 26,                                                                            
 2024                                                                                                        
 ●       Distribution of console                                                                             
 game code                                                                                                   |     | 100% owned by GCL Global SG |
| 2 Game Pro LTDA                                     |     | ●       A Brazil Company                                                                                    
 ●       Incorporated on August 25,                                                                          
 2023                                                                                                        
 ●       Distribution of console                                                                             
 game code                                                                                                   |     | 100% owned by 2Game         |

| (1) | On April 12, 2023, Titan Digital                                                      
 acquired a 100% equity interest in Starry from Debbie Soon Rui Yi (“Debbie”),         
 the spouse of Jianhao Tan, the Chief Executive Officer (“CEO”) of Titan Digital,      
 through issuance of 17,648 or 15% of Titan Digital’s ordinary shares to Debbie. As    
 a result, the Company’s equity interest in Titan Digital was reduced from 100% to 85% 
 upon completion of the acquisition of Starry. (see Note 3)                            |

| (2) | On July 14, 2023, Starlight was dissolved    
 due to cease operation since September 2021. |

| (3) | On September 4, 2023, Titan Digital                                                        
 acquired 100% equity interest of Martiangear from two third-party for cash consideration   
 of $148,000 and share consideration consisted of issuance of 53,711 ordinary shares by GCL 
 BVI. (see Note 3)                                                                          |

<div align='center'>F-62

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 2 — Summary of significant accounting policies

The
accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally
accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the
Securities Exchange Commission (“SEC”). The unaudited condensed consolidated financial statements as of September 30,
2024 and for the six months ended September 30, 2024 and 2023 are included all adjustments considered necessary to present fairly
the financial position, results of operations and cash flow for such interim periods. Certain information and footnote disclosures normally
included in the financial statements prepared in conformity with U.S. GAAP have been condensed