Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 280

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 280
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.3%-124.2 | % |
| Risk-free interest rate                 |     |                 |         4.0 | % |     |      |         3.4 | % |
| Share price of the investee (USD/share) |     |                 |        1.69 |   |     |      |        1.69 |   |

| * | Expected volatility was derived based on the historical volatility 
 of the share prices of a group of listed comparable companies.     |

F-70 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

| 2. | Summary of significant accounting policies (continued) |

Fair value measurements (continued) Significant unobservable inputs used in the level 3 fair value measurements primarily include the share price of investee at measurement date, which was primarily derived from recent fundraising transactions executed by the investee. The Company did not participate in such transactions. The potential impacts of dilution and lack of marketability were not significant to the valuation. The notes do not pay dividends and there are no market conditions to conversion. The fair value for certain assets and liabilities such as cash and cash equivalents, accounts receivable, other receivable and other assets, bank loans, accounts payable, other payables and accrued liabilities have been determined to approximate carrying amounts due to the short maturities of these instruments. Property, plant and equipment Property, plant and equipment are stated at cost and depreciated using the straight-line basis over the estimated useful lives of the assets, as follows:

| Category             |     | Estimated useful lives |
| Computers            |     | 1 – 5 years            |
| Office equipment     |     | 5 years                |
| Furniture & fittings |     | 5 years                |
| Motor vehicles       |     | 5 years                |
| Renovation           |     | 5 years                |
| Warehouse equipment  |     | 1 year                 |

The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of operation and comprehensive loss. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Impairment of long-lived