Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 197

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 197
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. F-13 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The Company reviews the
carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist annually
or more frequently if events and circumstances indicate that it is more likely than not that an impairment has occurred. Management has
determined that the Company has two reporting units within the entity at which goodwill is monitored for internal management purposes.

The table below summarizes the changes in the
carrying amount of goodwill for each reporting unit:

| Balance at March 31, 2022 |     | Console 
 Game    |         - |     | Publishing | - |     | Media       
 Advertising 
 service     | - |     | Others |       - |     | Total |         - |
|:--------------------------|:----|:--------|----------:|:----|:-----------|:--|:----|:------------|:--|:----|:-------|--------:|:----|:------|----------:|
| Acquired goodwill         |     |         | 2,047,154 |     |            | - |     |             | - |     |        |       - |     |       | 2,047,154 |
| Balance at March 31, 2023 |     |         | 2,047,154 |     |            | - |     |             | - |     |        |       - |     |       | 2,047,154 |
| Acquired goodwill         |     |         |   674,367 |     |            | - |     |             | - |     |        | 268,873 |     |       |   943,240 |
| Impairments               |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Balance at March 31, 2024 |     |         | 2,721,521 |     |            | - |     |             | - |     |        | 268,873 |     |       | 2,990,394 |
| Acquired goodwill         |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Impairments               |     |         |