Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 65

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 65
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an authorized distributor for major brands such as Razer, NVIDIA, and Samsung. The acquisition aligns with GCL’s strategy to expand
its bundled gaming product offerings and enhance its distribution network in Asia. The transaction is expected to generate revenue synergies
through cross-selling opportunities and cost synergies from integrated procurement and logistics. GCL anticipates the acquisition will
have a positive impact on its financial performance.

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The acquisition became probable on May 27, 2025, when the Offeror received valid acceptances exceeding 50% of Ban Leong’s total
issued share capital. Subsequently on July 2, 2025, the Offeror announced the successful close of its voluntary unconditional cash offer
for Ban Leong. The Offeror received valid acceptance for 104,122,998 ordinary shares, representing 96.59% of the total issued share capital,
at the offer price of S$0.6029 per share. As the Offeror has received valid acceptances of more than 90% of the total number of issued
shares of Ban Leong, the Offeror exercised its right of compulsory acquisition under the Companies Act 1967 of Singapore. As of the date
of this prospectus, Ban Leong is a wholly-owned subsidiary of Epicsoft Asia Pte. Ltd. and effective August 26, 2025, Ban Leong was officially
delisted from the SGX-ST.

The following unaudited pro forma condensed combined
balance sheet, unaudited pro forma condensed combined statement of income and comprehensive income, and the explanatory notes give effect
to the mergers of Ban Leong Technologies Limited and Epicsoft Asia Pte. Ltd., a wholly-owned subsidiary of GCL Global Holdings Ltd.

The unaudited pro forma condensed combined statement
of income and comprehensive income for the year ended March 31, 2025 have been prepared as if the mergers of Ban Leong Technologies Limited
and Epicsoft Asia Pte. Ltd. had been consummated on April 1, 2024. The unaudited pro forma condensed combined balance sheet as of March
31, 2025 has been prepared as if the mergers of Ban Leong Technologies Limited and Epicsoft Asia Pte. Ltd. was consummated on March 31,
2025.

The unaudited pro forma condensed combined statements
of income and comprehensive income combine the audited consolidated statement of income and comprehensive income of GCL for the year