Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 308

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 308
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 |      |     |                              |    115,958 |   |     |   |     79,240 |   |

<div align='center'>The accompanying notes are an integral part of the consolidated financial statements.

F-66

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

| 1. | Organization |

Ban Leong Technologies Limited (the
“Company”) is a limited liability company which is domiciled and incorporated in Singapore and is listed on the Mainboard
of Singapore Exchange Securities Trading Limited (“SGX-ST”).

The Company is principally engaged
in the wholesale and distribution of computer peripherals, accessories and other multimedia products.

As of March 31, 2025, the Company’s
subsidiaries are as follows:

| Name                       
 Digital Hub Pte. Ltd.      |     | Date of establishment 
 March 20, 2003        |     | Place            
 of establishment 
 Singapore        |     | Percentage                         
 of equity interest attributable to 
 the Company                        
 100%                               |     | Principal                                            
 activities                                           
 Distribution of computer peripherals and accessories |
|:---------------------------|:----|:----------------------|:----|:-----------------|:----|:-----------------------------------|:----|:-----------------------------------------------------|
| 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