Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 279

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 279
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     |   |   For the year 
          ended 
 March 31, 2023 |
|:-----------------|:----------------------|:---------------------------------------------------------------------------|:-------------|:--|---------------:|:----|:--|---------------:|
| SEGA Corporation |                       | Shareholder of the Company                                                 |              | $ |         42,477 |     | $ |        660,985 |
| Starry           |                       | Debbie, the CEO of this entity is the spouse of Jianhao Tan who is the CEO 
 of Titan Digital                                                           |              |   |              — |     |   |          2,911 |
| Total            |                       |                                                                            |              | $ |         42,477 |     | $ |        663,896 |

Cost of revenue from related parties

|                  | Name of related party |                      | Relationship |                      | Nature |   |   For the year 
          ended 
 March 31, 2024 |     |   |   For the year 
          ended 
 March 31, 2023 |
|:-----------------|:----------------------|:---------------------|:-------------|:---------------------|:-------|:--|---------------:|:----|:--|---------------:|
| SEGA Corporation |                       | Shareholder of the   
 Company              |              | Purchase of console  
 game                 |        | $ |     17,578,879 |     | $ |     12,388,590 |
| Jianhao Tan      |                       | CEO of Titan Digital |              | Content creation for 
 social media         
 advertising          |        |   |        667,336 |     |   |        604,258 |
| Total            |                       |                      |              |                      |        | $ |     18,246,215 |     | $ |     12,992,848 |

Note 13 — Shareholders’ equity

The Company was established under the laws of Cayman
Islands on September 8, 2023, and authorized to issue 150,000,000 shares with a par value of $$0.0001. On February 14, 2024,
the Company completed its Reorganization under GCL Global with a sequential two-step transaction (see Note 1). All of the outstanding
ordinary shares is presented on the basis as if the Reorganization under GCL Global became effective as of the beginning of the first
period presented on April 1