Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 272

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 272
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| Ban Leong Technologies Sdn Bhd       |     | August 15, 2003       |     | Malaysia               |     | 100%                                          |     | Distribution of computer peripherals and accessories |
| Ban Leong Chin Inter Co., Ltd        |     | July 16, 2004         |     | Thailand               |     | 60%                                           |     | Distribution of computer peripherals and accessories |
| 宇扬(上海)投资咨询有限公司 (BLC (China) Limited) |     | November 27, 2008     |     | China                  |     | 100%                                          |     | Distribution of corporate gift cards                 |
| AV Labs International Pte Ltd        |     | June 23, 2006         |     | Singapore              |     | 100%                                          |     | Marketing and distribution of computer and hardware  |

| 2. | Summary of significant accounting policies |

Basis of Preparation and Principles of Consolidation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements include the accounts of Ban Leong Technologies Limited and its controlled subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Non-controlling interests For the Company’s non-wholly owned subsidiaries, a non-controlling interest is recognized to reflect portion of equity that is not attributable, directly or indirectly, to the Company. The cumulative results of operations attributable to non-controlling interests are also recorded as non-controlling interests in the Company’s consolidated balance sheets and consolidated statements of operation and comprehensive income. Cash flows related to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows. F-67 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

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

Use of estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include, but are not limited to, the allowance for credit losses of accounts receivable inventory valuation allowances principally comprised of allowances for excess and obsolete inventory, and the estimated fair value of our investment in