Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 322

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 322
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’s requirements. Also, the amendments align the requirements in the
Codification with the SEC’s regulations. For entities subject to existing SEC disclosure requirements or those that must
provide financial statements to the SEC for securities purposes without contractual transfer restrictions, the effective date aligns
with the date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For
all other entities, the amendments will be effective two years later from the date of the SEC’s removal. The Company is
currently evaluating the impact of the update on the Company’s unaudited condensed consolidated financial statements and
related disclosures.

In
November 2023, the FASB issued ASU 2023-07, which is an update to Topic 280, Segment Reporting: Improvements to reportable Segment
Disclosures (“ASU 2023-07”), which enhances the disclosure required for reportable segments in annual and interim consolidated
financial statements, including additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 will be
effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15,
2024. Early adoption is permitted. The Company anticipates that Topic 280 will impact only its disclosures and therefore do not expect
that Topic 280 will have a material impact on its unaudited condensed consolidated financial statements.

In
December 2023, the FASB issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendment in this update enhances
the transparency and decision usefulness of income tax disclosures. ASU 2023-09 will be effective for fiscal years beginning after December 15,
2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments
in this Update should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating
the impact the adoption of ASU 2023-07 will have on its annual and interim disclosures. The Company is currently evaluating the impact
of the update on Company’s unaudited condensed consolidated financial statements and related disclosures.

<div align='center'>F-76

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Except
as mentioned above, the Company does not believe other recently