Company: GCL
Filing Date: 2025-02-26
Form Type: 20-F
Source: 0001213900-25-017448
Chunk: 13

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-26
Form: 20-F
Item: Item 18
Chunk 13
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ITEM 18. FINANCIAL
STATEMENTS

The unaudited financial statements
of Company for the six months ended September 30, 2024 is filed herewith as Exhibit 99.1 and incorporated by reference herein.

The unaudited
consolidated financial statements of GCL Global for the six months ended September 30, 2024 are incorporated by reference to Exhibit
99.1 of the Form 8-K filed by RFAC on February 5, 2025.

The audited financial statements of the Company for the period from October 12, 2023 (inception) through March 31, 2024 are incorporated
by reference to pages F-51 to F-58 in the Form F-4.

The audited consolidated
financial statements of GCL Global for the years ended March 31, 2024 and 2023 are incorporated by reference to pages F-59 to F-103 in
the Form F-4.

The audited financial statements
of RFAC for the fiscal years ended December 31, 2024 and 2023 are incorporated by reference to pages F-1 to F-25 in the Form 10-K filed
by RFAC on February 14, 2025.

The unaudited pro forma condensed combined financial statements of the Company are filed herewith as Exhibit 99.4 to this Report.

ITEM 19. EXHIBITS