Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 64

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 64
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 |            |
| Bank Loans, current                        |     | $                    | 10,500,085 |     | $         | 15,872,474 |
| Bank Loans, non-current                    |     |                      |  1,421,139 |     |           | 35,812,676 |
| Total indebtedness                         |     | $                    | 11,921,224 |     | $         | 51,685,150 |
| Total shareholders’ equity                 |     | $                    | 36,957,262 |     | $         | 36,957,262 |
| Total capitalization                       |     | $                    | 48,878,486 |     | $         | 88,642,412 |

The information in this table should be read in conjunction with the
financial statements and notes thereto and other financial information included in this prospectus and any prospectus supplement and the
information in the section titled “GCL Management’s Discussion and Analysis of Financial Condition and Results of Operations”
and the section titled “Unaudited Pro Forma Condensed Combined Financial Information.”

<div align='center'>UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

On April 30, 2025, GCL Global Holdings Ltd (“GCL”)
announced that its indirect wholly-owned subsidiary, Epicsoft Asia Pte. Ltd. (the “Offeror”), made a voluntary conditional
cash offer to acquire 100% of the issued shares of Ban Leong Technologies Limited (“Ban Leong”) (SGX: B26) at S$0.6029 per
share (approximately US$0.4484). The total estimated consideration for the transaction is approximately US$48.3 million, which was financed
through a secured term loan facility from Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (the “HSBC term loan
facility”) and the Offeror’s cash on hand. The HSBC term loan facility is secured by all assets of GCL Global Pte Ltd, carries
a tenure of five years, and bears a floating interest rate ranging from 2.5% to 7.5%. Repayments are to be made quarterly, with the final
installment due in July 2030.

Ban Leong is a leading Singapore-based distributor
of IT hardware, gaming components, and smart technology, with operations across Singapore, Malaysia, and Thailand. Ban Leong serves as