Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 306

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 306
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 assurance is a high level of assurance but is not absolute assurance and therefore is not
a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not
detecting material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial
likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.

In performing an audit in accordance with GAAS,
we:

| ● | Exercise                                                                         
 professional judgment and maintain professional skepticism throughout the audit. |

| ● | Identify                                                                                           
 and assess the risks of material misstatement of the financial statements, whether due to          
 fraud or error, and design and perform audit procedures responsive to those risks. Such procedures 
 include examining, on a test basis, evidence regarding the amounts and disclosures in the          
 financial statements.                                                                              |

| ● | Obtain                                                                                         
 an understanding of internal control relevant to the audit in order to design audit procedures 
 that are appropriate in the circumstances, but not for the purpose of expressing an opinion    
 on the effectiveness of the Company’s internal control. Accordingly, no such opinion           
 is expressed.                                                                                  |

| ● | Evaluate                                                                                         
 the appropriateness of accounting policies used and the reasonableness of significant accounting 
 estimates made by management, as well as evaluate the overall presentation of the financial      
 statements.                                                                                      |

| ● | Conclude                                                                                    
 whether, in our judgment, there are conditions or events, considered in the aggregate, that 
 raise substantial doubt about the Company’s ability to continue as a going concern          
 for a reasonable period of time.                                                            |

We are required to communicate with those charged
with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control-related matters that we identified during the audit.

/s/ Ernst & Young LLP

Singapore

August 26, 2025

<div align='center'>F-62

BAN LEONG TECHNOLOGIES
LIMITED

CONSOLIDATED BALANCE
SHEETS

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

|                                                                     |     | Note |       |     | As of March 31, 
 2025            |            |   |     | 2024 |            |   |
|: