Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 66

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 66
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ended March 31, 2025 with the audited consolidated statement of income and comprehensive income of Ban Leong for the year ended March
31, 2025, giving effect to the business acquisition, as if it had occurred as of April 1, 2024.

The unaudited pro forma condensed combined balance
sheet as of March 31, 2025 combines the audited consolidated balance sheet of GCL as of March 31, 2025 with the audited consolidated
balance sheet of Ban Leong as of March 31, 2025, giving effect to the business acquisition, as if it had been consummated as of March
31, 2025.

The unaudited pro forma condensed combined financial statements
have been derived from and should be read in connection with:

| ● | the                                                                                                
 accompanying explanatory notes to the unaudited pro forma condensed combined financial statements; |

| ● | the                                                                                        
 sections entitled “GCL Management’s Discussion and Analysis of Financial Condition         
 and Results of Operations” “Ban Leong Management’s Discussion and Analysis                 
 of Financial Condition and Results of Operations” and other financial information relating 
 to GCL and Ban Leong.                                                                      |

The unaudited pro forma condensed combined financial
information has been prepared in accordance with Article 11 of Regulation S- X as amended by the final rule, Release No. 33-10786 “Amendments
to Financial Disclosures about Acquired and Disposed Businesses.” Release No. 33-10786 replaces the existing pro forma adjustment
criteria with simplified requirements to depict the accounting for the transaction (“Transaction Accounting Adjustments”)
and present the reasonably estimable synergies and other transaction effects that have occurred or are reasonably expected to occur (“Management’s
Adjustments”). These pro forma adjustments were presented in separate columns after the presentation of the combined historical
information of GCL and Ban Leong. The Company has elected not to present Management’s Adjustments and will only be presenting Transaction
Accounting Adjustments in the unaudited pro forma condensed combined financial information. The unaudited pro forma condensed combined
financial information does not reflect future events that may occur after the combination. The unaudited pro forma condensed combined
financial information is provided for informational purposes only and is not necessarily indicative of a true picture of the financial
position and the results of operations of the combined companies following the completion of the combination. The pro forma adjustments
are subject to material change and are based upon currently available