Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 304

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 304
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 the Warrant shall be US$3,750,000, and shall first be used to repay
all principal, interest and other amounts outstanding under the Facility Agreement with the remainder, if any, for the Borrower’s
working capital. On July 29, 2025, the Company and OCBC entered into Amendment No. 1 to the Warrant (the “Amendment”) to
clarify their commercial understanding that none of the terms of the Warrant shall have any legal effect on the Borrower and/or the Company
unless and until the entire SGD 5,000,000 has been disbursed to the Borrower by OCBC under the Facility Agreement; and that OCBC will
have no claims for penalties, damages and legal remedies of any kind against either the Company or the Borrower for non-performance of
any obligations under the Warrant. The Amendment also provides that, among other things, until the full amount of SGD5,000,000 is disbursed
by OCBC to the Borrower pursuant to the Facility Agreement, (i) the Warrant shall not be capable of exercise of any kind, and shall remain
un-exercisable; and (ii) OCBC will have no rights to Piggyback Registration (as defined in the Warrant). Under the Amendment, the Company
will have six months from the date the full amount of SGD5,000,000 is disbursed to file a registration statement for the public resale
of all of the Warrant Shares (as defined in the Warrant). As of the date of issuance of the consolidated financial statements, no fund
has been disbursed under the Facility Agreement.

<div align='center'>F-58

Company
Registration No. 199303898C

Ban Leong Technologies Limited

Consolidated Financial Statements

March 31, 2025 and 2024

F-59

BAN LEONG TECHNOLOGIES LIMITED

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</div>

|                                               | Pages |
| Report                                        
 of Independent Auditors                       | F-61  |
| Consolidated                                  
 Balance Sheets                                | F-63  |
| Consolidated                                  
 Statements of Comprehensive Income            | F-64  |
| Consolidated                                  
 Statements of Changes in Shareholders’ Equity | F-65  |
| Consolidated                                  
 Statements of Cash Flows                      | F-66  |
| Notes                                         
 to the Consolidated Financial Statements      | F-67  |

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