Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 245

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 245
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 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Singapore          $                  71,202,860      $                 58,145,593      $                 42,569,909  
  Hong Kong                             53,720,233                        32,696,502                        25,963,383  
  China                                 12,626,821                                 -                                 -  
  Malaysia                               4,522,672                         6,692,606                         8,910,863  
  Total revenue      $                 142,072,586      $                 97,534,701      $                 77,444,155  

The following table presents long-lived assets
by geographic area, which includes property and equipment, net operating leases right-of-use assets, and finance leases right-of-use assets:

                               As of                         As of                     
                               March 31,                     March 31,                 
                               2025                          2024                      
  Singapore                    $                954,399      $              1,751,850  
  Hong Kong                                      19,118                       136,784  
  Malaysia                                      151,171                       214,644  
  Others                                         61,011                             -  
  Total long-lived assets      $              1,185,699      $              2,103,277  

Note 26 - Subsequent Events

The Company evaluated all
events and transactions that occurred after March 31, 2025. Other than the event disclosed below and elsewhere in these consolidated financial
statements, there is no other subsequent event occurred that would require recognition or disclosure in the Company’s consolidated
financial statements.

On April 1, 2025, 4Divinity JP was established under the laws of Japan
to serve as the Company’s legal entity presence in Japan, facilitating anticipated business activities and supporting future commercial
operations in the region.

F-57

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS

On April 30, 2025,
Epicsoft Asia (the “ Offeror”) made a voluntary conditional cash offer (the “ Offer”) of S$0.6029per share
(approximately US$0.4580per share) to acquire all of the issued and paid-up ordinary shares in the capital of Ban Leong
Technologies Limited (“ Ban Leong”), a Singaporean