Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 316

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 316
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 results in a constant periodic discount rate on the remaining balance of the liability.

<div align='center'>F-72

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

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

Revenue
recognition

The Company applies the five-step model
outlined in ASC 606. The Company accounts for a contract when it has approval and commitment from the customer, the rights of the parties
are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable.
Variable consideration is included in the transaction price if, in our judgment, it is probable that a significant future reversal of
cumulative revenue recognized under the contract will not occur. Timing of revenue recognition is generally the same as the timing of
invoicing to customers. Using the practical expedient in ASC 606, the Company does not adjust the promised amount of consideration for
the effects of a significant financing component if it expects, at contract inception, that the period between the transfer of the promised
good or service to the customer and when the customer pays for that good or service will be one year or less. The Company also elected
to exclude sales taxes and other similar taxes from the measurement of the transaction price, and accordingly, recognized revenues are
net of value added taxes and surcharges.

Revenue from sales of computer accessories and other multimedia products including data storage devices

The Company recognized the revenue
from sales of computer peripherals, accessories and other multimedia products at a point in time when control of the product is passed
to the retailers, corporate and end customers, which is the point in time that the retailers, corporate and end customers are able to
direct the use of and obtain substantially all of the economic benefit of the goods after the retailers pick up the products or the Company
delivers the products to the retailers’ appointed forwarding agent. The transfer of control typically occurs at a point in time
based on consideration of when the retailers have the obligation to pay for the goods, and physical possession of, legal title to, and
the risks and rewards of ownership of the goods has been transferred, and the retailers and end users have accepted the goods. Revenue
is recognized net of estimates of variable consideration, including product returns, and customer discounts.

Product returns

Certain customers have the right to
return the products sold within 180 days of sales. Customers remedies may