Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 67

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 67
---
 information and certain assumptions that the Company believes are
reasonable.

There were no significant accounting policy differences
or other items which required adjustment in the accompanying unaudited pro forma condensed combined financial statements.

<div align='center'>35

GCL GLOBAL HOLDINGS LTD AND SUBSIDIARIES

Unaudited Pro Forma Condensed Combined Balance Sheet

As of March 31, 2025</div>

|                                                                                                                                                                     |     | GCL |             |     | Ban Leong |            |   |     | Ban Leong |            |   |     | Pro Forma Adjustments |             |   |     | Notes |     | Pro Forma Combined |             |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----|------------:|:----|:----------|-----------:|:--|:----|:----------|-----------:|:--|:----|:----------------------|------------:|:--|:----|:------|:----|:-------------------|------------:|
|                                                                                                                                                                     |     | $   |             |     | S$        |            |   |     | $         |            |   |     | $                     |             |   |     |       |     | $                  |             |
| ASSETS                                                                                                                                                              |     |     |             |     |           |            |   |     |           |            |   |     |                       |             |   |     |       |     |                    |             |
| CURRENT ASSETS                                                                                                                                                      |     |     |             |     |           |            |   |     |           |            |   |     |                       |             |   |     |       |     |                    |             |
| Cash and cash equivalents                                                                                                                                           |     |     |  18,247,380 |     |           | 21,053,603 |   |     |           | 15,659,058 |   |     |                       |  (9,777,339 | ) |     | a     |     |                    |  24,129,099 |
| Restricted cash                                                                                                                                                     |     |     |   3,131,335 |     |           |          - |   |     |           |          - |   |     |                       |           - |   |     |       |     |                    |   3,131,335 |
| Accounts receivable, net                                                                                                                                            |     |     |  25,761,683 |     |