Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 231

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 231
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 of the contingent consideration for acquisition was determined to be $3,360,848, which included around $55,000 outperformance consideration. Subsequently, the change of fair value of the contingent consideration for acquisition was amounted to a loss $545,428, $272,029 and $932,152 for the years ended March 31, 2025, 2024 and 2023, respectively. As March 31, 2025, the fair value of contingent consideration for acquisition was amounted to $1,121,006. As of March 31, 2024, the fair value of contingent consideration for acquisition amounted to $3,697,000, of which $2,319,000 and $1,378,000 were recognized at current and non-current portion at the consolidated balance sheets, respectively. The fair value of the contingent consideration as of March 31, 2024 and 2023 were estimated by applying income approach which considers the present value of the expected future payment, discounted using a risk-adjusted discount rate of 5.3%, as of March 31, 2025, 2024 and 2023, which are not observable in the market (level 3 inputs). |

F-33 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table summarizes
the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase
price allocation at the date of the acquisition of 2Game:

|                            |     | Fair value  
 as of       
 acquisition 
 date        |           |   |
|:---------------------------|:----|:------------|----------:|:--|
| Total consideration        |     | $           | 3,367,398 |   |
| Non-controlling interest   |     |             | 2,590,000 |   |
| Less: net assets of 2Game: |     |             |           |   |
| Cash                       |     |             |       428 |   |
| Prepayments                |     |             |     7,338 |   |
| Intangible assets          |     |             | 4,742,000 |   |
| Total assets               |     |             | 4,749,766 |   |
| Accounts payable           |     |             |   (33,382 | ) |
| Deferred tax liability     |     |             |  (806,