Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 265

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 265
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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, 
      2025 |   |     |   | March 31, 
      2024 |   |     |   | March 31, 
      2023 |
|:-----------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|:----|:--|----------:|
| Beginning balance      |     | $ |    52,949 |   |     | $ |     3,747 |   |     | $ |     2,376 |
| (Recovery) Addition    |     |   |   (24,093 | ) |     |   |    49,351 |   |     |   |     1,279 |
| Translation adjustment |     |   |      (933 | ) |     |   |      (149 | ) |     |   |        92 |
| Ending balance         |     | $ |    27,923 |   |     | $ |    52,949 |   |     | $ |     3,747 |

Note 9 — Prepayments, net

|                                |     | 2025 | March 31, |   |     | 2024 | March 31, |   |
|:-------------------------------|:----|:-----|----------:|:--|:----|:-----|----------:|:--|
| Prepayment                     |     | $    | 6,354,653 |   |     | $    | 5,720,400 |   |
| Less: allowance for prepayment |     |      |  (114,792 | ) |     |      |  (209,412 | ) |
| Total prepayments, net         |     | $    | 6,239,861 |   |     | $    | 5,510,988 |   |

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

|                        |     |   | March 31, 
      2025 |   |