Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 325

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 325
---
285,246 |   |
| Motor vehicles                 |     |                 |    823,226 |   |     |   |    930,117 |   |
| Renovation                     |     |                 |    417,529 |   |     |   |    407,954 |   |
| Warehouse equipment            |     |                 |    187,255 |   |     |   |    177,291 |   |
|                                |     |                 |  3,575,943 |   |     |   |  3,485,557 |   |
| Less: accumulated depreciation |     |                 | (2,912,586 | ) |     |   | (2,706,312 | ) |
| Property and equipment, net    |     |                 |    663,357 |   |     |   |    779,245 |   |

| * | Included in computers is software with net book 
 value of $442,566 (2024: $518,941).             |

The depreciation expenses of property
and equipment recognised for the years ended March 31, 2025 and 2024 were $295,895 and $278,535 respectively.

<div align='center'>F-78

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

| 8. | Bank loans |

Bills payable to banks (unsecured)
have repayment terms of approximately 30 to 120 days. Bills payable to banks bear interest at average rates ranging from 3.37% to 4.90%
(2024: 4.45% to 5.09%) per annum.

Short-term loans (unsecured) have repayment
terms of approximately 30 to 180 days. Short-term loans bear interest at average rates at 4.64% (2024: 5.03%) per annum.

A reconciliation of liabilities
arising from the Company’s financing activities is as follows:

|                        |     |   |     As of 
  April 1, 
      2024 |     |   | Drawdowns         
 (repayments), net |   |     |   |     As of 
 March 31, 
      2025 |
|:-----------------------|:----|:--|----------:|:----|:--|:------------------|:--|