Company: GCL
Filing Date: 2025-05-27
Form Type: 424B3
Source: 0001213900-25-047793
Chunk: 2

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-27
Form: 424B3
Chunk 2
---
| (a) | the offer announcement dated 30 April 2025 by the Offeror in relation to the voluntary conditional cash         
 offer (the “Offer”) for all the issued and paid-up ordinary shares (excluding treasury shares) (“Offer Shares”) 
 in the capital of Ban Leong Technologies Limited (the “Company” or “Ban Leong”), in accordance with             
 Rule 15 of The Singapore Code on Take-overs and Mergers (“Code”);                                               |

| (b) | the announcement dated 21 May 2025 in relation to the despatch of the notification (the “Notification”)                              
 of the electronic dissemination of the offer document dated 21 May 2025 containing the terms and conditions of the Offer (the “Offer 
 Document”) and its related documents; and                                                                                            |

| (c) | the Offer Document. |

| 1.2 | Unless otherwise defined, capitalised terms in this Announcement shall bear the same meaning as set out 
 in the Offer Document.                                                                                  |

| 1.3 | Electronic copies of the Offer Document, the Acceptance Forms, the Notification and all announcements                                  
 in relation to the Offer and other related documents are available on the website of the Singapore Exchange Securities Trading Limited 
 (the “SGX-ST”) at www.sgx.com.                                                                                                         |

| 2. | LEVEL OF ACCEPTANCES |

Pursuant to Rule 28.1 of the Code,
the Offeror wishes to announce that:

| 2.1 | Acceptances of the Offer |

Based on information provided to
the Offeror, as at 6.00 p.m. (Singapore time) on 27 May 2025, the Offeror has received, pursuant to the Offer, valid acceptances in respect
of 54,864,700 Offer Shares, representing approximately 50.90% of the total number of issued Shares.

Based on information available to the
Offeror, the above-mentioned acceptances include an aggregate of 30,318,400 Shares (representing approximately 28.13% of the total number
of issued Shares) tendered in acceptance of the Offer by Mr Teng Woo Boon Ronald, the Managing Director of the Company and his wife, Ms
Teo Su Ching, pursuant to the Irrevocable Undertakings. Please refer to the Offer Document for further details of the Irrevocable Undertakings.

| 1 | Based on a total of 107,796,700                                                                                                            
 Shares