Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 75

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 75
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 Although British Virgin Islands law may permit shareholder actions by written consent, our post-offering
amended and restated articles of association provide that shareholders may not approve corporate matters by way of a written resolution.

Shareholder Proposals. Under the
Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders, provided
it complies with the notice provisions in the governing documents. A meeting may be called by the board of directors or any other person
authorized to do so in the governing documents, but shareholders may be precluded from calling shareholder meetings where such request
is not made by shareholders entitled to exercise 30 percent or more of the voting rights in respect of the matter for which the meeting
is requested.

British Virgin Islands law and our amended and
restated articles of association provide that shareholders holding 30% or more of the voting rights entitled to vote on any matter for
which a meeting is to be converted may request that the directors shall requisition a shareholder’s meeting. As a British Virgin
Islands company, we are not obliged by law to call shareholders’ annual general meetings.

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Cumulative Voting.Under the Delaware
General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate of incorporation
specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on a board of directors
since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single director, which increases
the shareholder’s voting power with respect to electing such director. There are no prohibitions in relation to cumulative voting
under the laws of the British Virgin Islands but our post-offering amended and restated articles of association do not provide for cumulative
voting. As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Removal of Directors.Under the
Delaware General Corporation Law, a director of a corporation with a classified board may be removed only for cause with the approval
of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our post-offering
amended and restated memorandum and articles of association, directors may be removed with or without cause, by a resolution of our shareholders,
or with cause by a resolution of the directors.

Transactions with Interested Shareholders.
The Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations whereby, unless the