Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 127

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 127
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 26, 2025, Ban Leong was officially delisted from the SGX-ST and on August 28, 2025, changed its name to Ban Leong Technologies Pte. Ltd. Cash consideration of the Offer was financed through a combination of an approximately $38.7 million secured term loan facility provided by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (the “HSBC term loan facility”) and approximately $10.0 million cash on hand from the Company. The HSBC term loan facility is secured by all assets of GCL Global Pte Ltd, has a five-year term, bears a floating interest rate ranging between 2.5% and 7.5%, and requires quarterly repayments, with the final installment due in July 2030. See “UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION,” “Ban Leong Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Ban Leong’s audited financial statements and notes thereto, presented in accordance with U.S. GAAP, which are included elsewhere in this prospectus. Ban Leong’s historical results are not necessarily indicative of future results. Key Operating Metric Our management regularly reviews the operating metric to evaluate our business, measure our performance, identify trends, formulate financial projections and make strategic decisions. The main metric we consider, and our results for the years ended March 31, 2025, 2024 and 2023, are set forth in the tables below: Number of game copies sold in physical form and digital form:

|                      |     | For the Years Ended March 31, |           |     |   |       |   |     |      |           |     |   |       |   |     |        |           |     |          |      |   |
|                      |     |                          2025 |           |     | % |       |   |     | 2024 |           |     | % |       |   |     | Change |           |     | Change % |      |   |
| Physical copies sold |     |                               | 1,832,740 |     |   |  28.2 | % |     |      | 1,234,149 |     |   |  24.6 | % |     |        |   598,591 |     |          | 48.5 | % |
| Digital copies sold  |     |                               | 4,