Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 326

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 326
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550 |     |   |           860,952 |     |   | 1,713,502 |
| Short-term loans       |     |   |   800,000 |     |   |                 – |     |   |   800,000 |
|                        |     |   | 1,652,550 |     |   |           860,952 |     |   | 2,513,502 |

<div align='center'>F-79

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

| 9. | Accounts payable |

|               |     | As of March 31, |       2025 |     |   |       2024 |
|:--------------|:----|:----------------|-----------:|:----|:--|-----------:|
|               |     | $               |            |     | $ |            |
| Third parties |     |                 | 24,361,061 |     |   | 22,068,813 |
| GST payables  |     |                 |    280,271 |     |   |    143,455 |
|               |     |                 | 24,641,332 |     |   | 22,212,268 |

Accounts payable – third parties
are non-interest bearing and have an average term of 30 to 60 days’ terms.

Goods and Service Tax (“GST”)
payables comprise output tax collected on sales and is offset by input tax claims on business purchases. The amount of GST payable to
the taxation authority is included as part of payables in the statement of financial position.

Included in accounts payable of the
Company are amounts denominated in foreign currencies as follows:

|                       |     | As of March 31, |       2025 |     |   |       2024 |
|:----------------------|:----|:----------------|-----------:|:----|:--|-----------:|
|                       |     | $               |            |     | $ |            |
| United States Dollars |     |                 | 13,190,531 |     |   |  9,101,074 |
| Malaysian Ringgit     |     |                 |     91,461 |     |   |  1,721,054 |
| Thai Baht             |     |                 |     10,