Company: GCL
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037646
Chunk: 11

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-30
Form: 424B3
Chunk 11
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 listing requirements under the Listing Manual of the SGX-ST
(the “Listing Manual”). In the event that the Company is delisted from the SGX-ST, the Company will be able to save
on expenses and costs relating to the maintenance of a listed status and channel such resources to its business operations.

| 7. | OFFEROR’S INTENTIONS IN RELATION TO THE COMPANY |

The Offeror intends for the Company
to continue with its existing activities and has no current intention to (a) introduce any major changes to the existing business of the
Company, (b) re-deploy the fixed assets of the Company, or (c) discontinue the employment of the employees of the Company or its subsidiaries,
other than in the ordinary course of business. However, the Offeror retains and reserves the flexibility at any time and from time to
time to consider any options or opportunities in relation to the Company which may present themselves and which the Offeror regards to
be in the interests of the Offeror and/or the Company. Following the successful close of the Offer, the Offeror will undertake a comprehensive
review of the businesses and fixed assets of the Company to determine the optimal strategy for the Company.

| 8. | LISTING STATUS AND COMPULSORY ACQUISITION |

| 8.1 | Listing Status |

Under Rule 1105 of the Listing Manual,
upon an announcement by the Offeror that it has received acceptances which result in the Offeror and its concert parties holding more
than 90 per cent. of the total number of issued Shares (excluding treasury shares), the SGX-ST may suspend the trading of the listed securities
of Ban Leong on the SGX-ST until such time when the SGX-ST is satisfied that at least 10 per cent. of the total number of issued Shares
(excluding treasury shares) are held by at least 500 Shareholders who are members of the public (“Free Float Requirement”).
Under Rule 1303(1) of the Listing Manual, where the Offeror succeeds in garnering acceptances exceeding 90 per cent. of the total number
of issued Shares (excluding treasury shares), thus causing the percentage of the total number of issued Shares (excluding treasury shares)
held in public hands to fall below 10 per cent., the SGX-ST will suspend trading of the Shares at the close of the Offer.

In addition, under Rule 724(1) of
the Listing Manual, if the percentage of the total number of