Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 54

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 54
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 business carried on by the company but not including:                                                          |

| (i) | a disposition pursuant to an                          
 order of the court having jurisdiction in the matter, |

| (ii) | a disposition for money on terms                                                                                                     
 requiring all or substantially all net proceeds to be distributed to the members in accordance with their respective interest within 
 one year after the date of disposition, or                                                                                           |

| (iii) | a transfer pursuant to the power                                
 of the directors to transfer assets for the protection thereof; |

| (d) | a redemption of 10 per cent,                                                                                                          
 or fewer of the issued shares of the company required by the holders of 90 per cent, or more of the shares of the company pursuant to 
 the terms of the Act; and                                                                                                             |

| (e) | an arrangement, if permitted 
 by the court.                |

<div align='center'>29</div>

Generally any other claims against a company by
its members must be based on the general laws of contract or tort applicable in the British Virgin Islands or their individual rights
as members as established by the company’s memorandum and articles of association.

The rights of our shareholders and the fiduciary
responsibilities of our directors under British Virgin Islands law are not as clearly established as they would be under statutes or judicial
precedents in the United States. In particular, the British Virgin Islands has no securities laws as compared to the United States, and
it is possible that there is less protection to investors in many instances. In addition, shareholders of British Virgin Islands companies
may not have standing to initiate a shareholder derivative action before the federal courts of the United States.

Because we are a company founded in one jurisdiction,
operating in another jurisdiction with shareholders from several jurisdictions and securities trading in the United States. our shareholders
may have more difficulties in protecting their interests through actions against our management, directors or major shareholders than
would shareholders of a corporation incorporated and operating in a jurisdiction in the United States.

We have been advised that no foreign judgment
has any direct operation in the BVI, but it may be enforced by action at common law or in the case of judgments from certain jurisdictions
by registration under the Foreign Judgments Reciprocal Enforcement Ordinance or the Reciprocal Enforcement of Judgments Act in the BVI.
It should be noted that not every foreign judgment is capable of enforcement. Some may lend themselves only to recognition by the BVI
courts. The Reciprocal Enforcement of Judgments Act (As