Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 333

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 333
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For
the six months ended September 30, 2024 and 2023, the Company recovered $188,759 and $29,278 credit loss which were previously allowanced,
respectively.

<div align='center'>F-82

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 8 — Property and equipment, net

Property and
equipment consist of the following:

|                                   |     | September 30, 
 2024          
 (Unaudited)   |           |   |     | March 31, 
 2024      |           |   |
|:----------------------------------|:----|:--------------|----------:|:--|:----|:----------|----------:|:--|
| Office equipment                  |     | $             |   937,437 |   |     | $         |   822,262 |   |
| Furniture & Fitting               |     |               |    71,309 |   |     |           |    68,490 |   |
| Office and warehouse renovation   |     |               |   441,259 |   |     |           |   431,293 |   |
| Subtotal                          |     |               | 1,450,005 |   |     |           | 1,322,045 |   |
| Less: accumulated depreciation    |     |               |  (999,089 | ) |     |           |  (816,934 | ) |
| Total property and equipment, net |     | $             |   450,916 |   |     | $         |   505,111 |   |

Depreciation expenses for
the six months ended September 30, 2024 and 2023 were amounted to $165,415 and $165,878, respectively. The Company recognized
loss from disposal of property and equipment were $nil, and $56,793 for the six months ended September 30, 2024 and 2023,
respectively.

Note 9 — Definite-lived Intangible assets, net

Definite-lived
intangible assets consisted of the following:

|                                        |     | September 30, 
 2024          
 (Unaudited)   |            |   |     | March 31, 
 2024      |            |   |
|:---------------------------------------|:----|: