Company: GCL
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037646
Chunk: 21

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-30
Form: 424B3
Chunk 21
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73.4% to the 6-month VWAP up to the Last Trading 
 Day1,2; and                                                   |

| ● | a premium of 75.5% to the 12-month VWAP up to the Last Trading 
 Day1,2.                                                        |

The Offeror does not currently intend to increase
the Offer Price but reserves the right to revise the terms of the Offer in accordance with the Code if there is a competing offer.

| 1 | The                                                                                                                                  
 VWAP calculations used in the table above are based on data extracted from Bloomberg L.P. using total value of Shares over the total 
 volume of Shares traded for the relevant period.                                                                                     |

| 2 | The                                                   
 percentages are rounded to the nearest decimal place. |

<div align='center'>2</div>

Irrevocable Undertakings

As of the date of the Offer Announcement, the
Offeror has received irrevocable undertakings from Mr. Teng Woo Boon Ronald, Managing Director of Ban Leong, and Ms. Teo Su Ching, Mr.
Teng’s wife, representing an aggregate of approximately 28.13% of the total number of issued shares in the capital of Ban Leong
(excluding treasury shares), to accept the Offer.

Compulsory Acquisition and Listing Status

If the Offeror receives valid acceptances pursuant
to the Offer or acquires Shares from the date of dispatch of the Offer Document of not less than 90% of the total number of Ban Leong’s
issued Shares (excluding treasury shares), the Offeror will have the right to compulsorily acquire, at the Offer Price, Shares from Ban
Leong shareholders who have not accepted the Offer.

The Offeror intends to seek a delisting of Ban
Leong from the SGX-ST if the minimum free float requirement is not met.

Directors’ Responsibility Statement pursuant to the Code

The sole director of the Offeror and the directors
of GGPL (including those who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that
the facts stated and all opinions expressed in this press release are fair and accurate and that there are no other material facts not
contained in this press release, the omission of which would make any statement in this press release misleading, and they jointly and
severally accept responsibility accordingly.

Where any information has been extracted or reproduced
from published or otherwise publicly available sources or obtained from Ban Leong (including without limitation,