Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 158

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 158
---
IP game development will be in production for at least three years. In the future, we plan to have a large and diversified library of
game titles that would also come from internally developed game IP. Our success in developing game IP will depend on our ability to raise
adequate funding required for the project.

<div align='center'>94</div>

Risks associated with operating and investing in Asia

We derive a significant portion of revenue from our operations in Asia, and we intend to continue to develop and expand our business and penetration in the region and outside of Asia. Our operations and investments in Asia are subject to various risks related to the economic, political, and social conditions of the countries in which we operate.

Key Operating Metric

Our management regularly reviews the operating metric to evaluate our business, measure our performance, identify trends, formulate financial projections and make strategic decisions. The main metric we consider, and our results for the six months ended September 30, 2024 and 2023, are set forth in the tables below:

Number of game copy sold in physical form and digital form:

|                      |     | For the Six Months Ended September 30, |           |     |   |       |   |     |            |           |     |   |       |   |     | Change |         |   |     | Change |      |    |
|                      |     |                                   2024 |           |     | % |       |   |     |       2023 |           |     | % |       |   |     | USD    |         |   |     | %      |      |    |
|                      |     |                             -Unaudited |           |     |   |       |   |     | -Unaudited |           |     |   |       |   |     |        |         |   |     |        |      |    |
| Physical copies sold |     |                                        |   476,205 |     |   |  20.5 | % |     |            |   520,653 |     |   |  26.2 | % |     |        | (44,448 | ) |     |        | (8.5 | )% |
| Digital copies sold  |     |                                        | 1,849,262 |     |   |  79.5 | % |     |            | 1,468,750 |     |   |  73.8 | % |     |