Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 309

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 309
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|:-------------------------------------|:----|:----------------------|:----|:-----------------------|:----|:----------------------------------------------|:----|:-----------------------------------------------------|
| Ban Leong Technologies Sdn Bhd       |     | August 15, 2003       |     | Malaysia               |     | 100%                                          |     | Distribution of computer peripherals and accessories |
| Ban Leong Chin Inter Co., Ltd        |     | July 16, 2004         |     | Thailand               |     | 60%                                           |     | Distribution of computer peripherals and accessories |
| 宇扬(上海)投资咨询有限公司 (BLC (China) Limited) |     | November 27, 2008     |     | China                  |     | 100%                                          |     | Distribution of corporate gift cards                 |
| AV Labs International Pte Ltd        |     | June 23, 2006         |     | Singapore              |     | 100%                                          |     | Marketing and distribution of computer and hardware  |

| 2. | Summary of significant accounting policies |

Basis
of Preparation and Principles of Consolidation

The accompanying consolidated financial
statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.
GAAP”).

The accompanying consolidated financial
statements include the accounts of Ban Leong Technologies Limited and its controlled subsidiaries. All intercompany accounts and transactions
have been eliminated in consolidation.

Non-controlling interests

For the Company’s non-wholly owned
subsidiaries, a non-controlling interest is recognized to reflect portion of equity that is not attributable, directly or indirectly,
to the Company. The cumulative results of operations attributable to non-controlling interests are also recorded as non-controlling interests
in the Company’s consolidated balance sheets and consolidated statements of operation and comprehensive income. Cash flows related
to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows.

<div align='center'>F-67

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

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

Use of estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the periods presented.

Significant