Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 318

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 318
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 the Company recognizes in its consolidated financial statements the impact of a tax position if a tax return position or future
tax position is “more likely than not” to prevail based on the facts and technical merits of the position. Tax positions
that meet the “more likely than not” recognition threshold are measured at the largest amount of tax benefit that has a greater
than fifty percent likelihood of being realized upon settlement. The Company’s estimated liability for unrecognized tax benefits,
if any, will be recorded in the “other non-current liabilities” in the accompanying consolidated financial statements is
periodically assessed for adequacy and may be affected by changing interpretations of laws, rulings by tax authorities, changes and/or
developments with respect to tax audits, and expiration of the statute of limitations. The actual benefits ultimately realized may differ
from the Company’s estimates. As each audit is concluded, adjustments, if any, are recorded in the Company’s consolidated
financial statements. Additionally, in future periods, changes in facts, circumstances, and new information may require the Company to
adjust the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates
are recognized in the period in which the changes occur.

Contingencies

The Company adheres to ASC 450, “Contingencies”
for the recognition, measurement, and disclosure of commitments and contingencies. The Company records accruals for certain of its outstanding
legal proceedings or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated.
The Company evaluates, on a quarterly basis, developments in legal proceedings or claims that could affect the amount of any accrual,
as well as any developments that would make a loss contingency both probable and reasonably estimable. The Company discloses the amount
of the accrual if it is material.

<div align='center'>F-74

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

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

Contingencies (continued)

When a loss contingency is not both
probable and estimable, the Company does not record an accrued liability but discloses the nature and the amount of the claim, if material.
However, if the loss (or an additional loss in excess of the accrual) is at least reasonably possible, then the Company discloses an
estimate of the loss or range of loss, unless it