Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 275

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 275
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 $ | 4,224,098 |   |

Amortization expense for the years ended March 31,
2024 and 2023 was amounted to $1,168,358 and $517,902, respectively.

The following table sets forth the Company’s amortization
expense for the next five years ending:

|                                                    |     | Amortization expenses |           |
|:---------------------------------------------------|:----|:----------------------|----------:|
| Twelve months ending March 31, 2025                |     | $                     | 1,054,311 |
| Twelve months ending March 31, 2026                |     |                       | 1,045,682 |
| Twelve months ending March 31, 2027                |     |                       | 1,041,288 |
| Twelve months ending March 31, 2028                |     |                       |   106,103 |
| Twelve months ending March 31, 2029 and thereafter |     |                       |    25,842 |
| Total                                              |     | $                     | 3,273,226 |

Note 10 — Bank Loans

Outstanding balance of banking facilities consisted of the
following:

| Bank name            
 United Overseas Bank 
 Limited (“UOB”)      |     | Maturity date 
 July 2025     |     | Interest rate 
 2.5%          |     | Collateral/Guarantee                                                                                                                           
 Personal Guarantee by Choo See Wee, the Chairman of the Company, and Play-E Corporation Pte. Ltd, which Choo See Wee is the major shareholder. |     | March 31, 
 2024      |   826,000 |     | March 31, 
 2023      |  1,448,518 |
|:---------------------|:----|:--------------|:----|:--------------|:----|:-----------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------|----------:|:----|:----------|-----------:|
| Citi Bank            |     | April 2024 to 
 July 2024     |     | 6.4% – 7.4%   |     | Personal Guarantee by Choo See Wee, the Chairman of the Company. Collateral by fixed deposit in bank                                           |     |           | 2,799,249 |     |           |  2,936,668 |
| HSBC Bank*           |     | April