Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 333

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 333
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 and console game code |     | $             | 13,110,138 |   |     | $         | 15,123,775 |   |
| Receivables from game publishing                    |     |               |    236,121 |   |     |           |  2,282,228 |   |
| Receivables from advertising service                |     |               |    243,621 |   |     |           |    332,540 |   |
| Less: Allowance for credit loss                     |     |               |   (341,854 | ) |     |           |   (325,457 | ) |
| Accounts receivable, net                            |     | $             | 13,248,026 |   |     | $         | 17,413,086 |   |

<div align='center'>F-80

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Movement of
credit loss for the six months ended September 30, 2024 and the year ended March 31, 2024 are as follows:

|                        |     | September 30, 
 2024          
 (Unaudited)   |         |     | March 31, 
 2024      |         |   |
|:-----------------------|:----|:--------------|--------:|:----|:----------|--------:|:--|
| Beginning balance      |     | $             | 325,547 |     | $         |  55,533 |   |
| Addition               |     |               |  12,482 |     |           | 277,273 |   |
| Write-off              |     |               |       - |     |           |       - |   |
| Translation adjustment |     |               |   3,825 |     |           |  (7,349 | ) |
| Ending balance         |     | $             | 341,854 |     | $         | 325,457 |   |

For
the six months ended September 30, 2024 and 2023, the Company incurred additional credit loss of $12,482 and $56,322, respectively,
from its accounts receivable balance.

Note 5 — Inventories, net

Inventories
are stated at lower of cost or net realizable value, which is determined using the weighted