Company: GCL
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001213900-25-053841
Chunk: 5

Company: GCL Global Holdings Ltd
Filing Date: 2025-06-12
Form: 424B3
Chunk 5
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Shareholders who have not accepted
the Offer but who still wish to do so should refer to paragraph 6 of this Announcement.

| 3.2 | Dissenting Shareholders’ rights under Section 215(3) of the Companies Act |

As the Offeror has received valid
acceptances pursuant to the Offer which, together with the Shares held by the Offeror, its related corporations and their respective nominees,
comprise 90% or more of the total number of issued Shares, the Dissenting Shareholders will have the right under and subject to Section
215(3) of the Companies Act, to require the Offeror to acquire their Shares at the Offer Price.

As the Offeror will proceed to compulsorily acquire the Shares of the Dissenting Shareholders, the Dissenting Shareholders need not take any action in relation to their rights under Section 215(3) of the Companies Act. The Dissenting Shareholders who wish to exercise such a right or who are in any doubt as to their position are advised to seek their own independent legal advice.

| 2 | For the purpose of Section 3.1                                                                                                
 above, any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act refers to, inter alia: |

| (a) | a person who is accustomed or is under an obligation whether                                                                  
 formal or informal to act in accordance with the directions, instructions or wishes of the Offeror in respect of the Company; |

| (b) | a person whose directions, instructions or wishes the Offeror                                                               
 is accustomed or is under an obligation whether formal or informal to act in accordance with, in respect of the Company; or |

| (c) | a body corporate that is controlled by the Offeror or a person 
 mentioned in paragraph (a) or (b) above.                       |

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| 4. | LOSS OF FREE FLOAT, TRADING SUSPENSION AND OFFEROR’S INTENTIONS FOR THE COMPANY |

| 4.1 | Under Rule 1105 of the Listing Manual, as the Offeror has received valid acceptances pursuant to the Offer                                  
 which result in the Offeror and its concert parties holding more than 90% of the total number of issued Shares (excluding treasury shares), 
 the SGX-ST may suspend the trading of the Shares on the SGX-ST until such time when the SGX-ST is satisfied that at least 10% of the