Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 320

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 320
---
4: 22%) of costs are denominated
in the respective functional currencies of the Company entities. The Company’s trade receivables and trade payables balances at
the end of reporting period have similar exposures.

The Company also holds cash and cash
equivalents denominated in foreign currencies for working capital purposes. The Company is also exposed to currency translation risk
arising from its net investments in foreign operations, including Malaysia, Thailand, Australia and China. The Company’s net investments
in foreign subsidiary companies are not hedged as currency positions in these respective currencies are considered to be long-term in
nature.

<div align='center'>F-75

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

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

Foreign currency risk (continued)

The following table demonstrates the
sensitivity of the Company’s net income before taxes to a reasonably possible change in the USD, MYR and THB exchange rates (against
SGD), with all other variables held constant.

|     |     |   |     |                               |     | For the year ended March 31, |     2025 |   |     |   |     2024 |   |
|:----|:----|:--|:----|:------------------------------|:----|:-----------------------------|---------:|:--|:----|:--|---------:|:--|
|     |     |   |     |                               |     | $                            |          |   |     | $ |          |   |
| USD |     | - |     | strengthened by 3% (2024: 3%) |     |                              | (158,797 | ) |     |   |  (52,011 | ) |
|     |     | - |     | weakened by 3% (2024: 3%)     |     |                              |  158,797 |   |     |   |   52,011 |   |
| MYR |     | - |     | strengthened by 3% (2024: 3%) |     |                              |   92,368 |   |     |   |   19,806 |   |
|     |     | - |     | weakened by 3% (2024: 3%)     |     |                              |  (92