Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 320

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 320
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 no customer with a receivable balance exceeding 10% of the total
accounts receivable balance. The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its
customers and its ongoing monitoring process of outstanding balances.

Interest rate risk

The Company is exposed to interest rate
risk on its interest-bearing liabilities. As of March 31, 2025 and 2024, a hypothetical 0.15% increase or decrease in annual interest
rates of SGD-denominated borrowings and MYR-denominated borrowings, in aggregate, would increase or decrease total interest expense by
approximately $2,792 (2024: $3,129).

Foreign currency risk

The Company has transactional currency
exposures arising from sales or purchases that are denominated in a currency other than the respective functional currencies of Company
entities, primarily Singapore Dollar (“SGD”), Malaysian Ringgit (“MYR”) and Thai Baht (“THB”). The foreign
currencies in which these transactions are denominated are mainly United States Dollar (“USD”). Approximately 13% (2024: 14%)
of the Company’s sales are denominated in foreign currencies whilst almost 20% (2024: 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 |   |     |   |