Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 334

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 334
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                  % |    |     |    % |    |
| Malaysia |     |                    | 24 |     |      | 24 |
| Thailand |     |                    | 20 |     |      | 20 |
| China    |     |                    | 25 |     |      | 25 |

Net income before income
taxes by jurisdiction are as following:

|           |     | For the year ended March 31, |      2025 |   |     |   |      2024 |   |
|:----------|:----|:-----------------------------|----------:|:--|:----|:--|----------:|:--|
|           |     | $                            |           |   |     | $ |           |   |
| Singapore |     |                              | 4,523,054 |   |     |   | 7,632,328 |   |
| Malaysia  |     |                              |   271,461 |   |     |   |   454,883 |   |
| Thailand  |     |                              |   160,893 |   |     |   |   252,518 |   |
| China     |     |                              |    (3,308 | ) |     |   |    (3,584 | ) |
|           |     |                              | 4,952,100 |   |     |   | 8,336,145 |   |

<div align='center'>F-86

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

| 18. | Taxation (continued) |

The following table reconciles
Singapore statutory rates to the Company’s effective tax rate:

|                                       |     | For the year ended March 31, | 2025 |   |     |   | 2024 |   |
|:--------------------------------------|:----|:-----------------------------|-----:|:--|:----|:--|-----:|:--|
|                                       |     | %                            |      |   |     | % |      |   |
| Singapore statutory income tax rate   |     |                              | 17.0 |   |     |   | 17.0 |   |
| Tax rate difference outside Singapore |     |                              |  0.5 |   |     |   |  0.5 |   |