Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 9

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 9
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 to streamline business operations, improve resource planning, and enhance customer engagement. |

| ● | Legacy System Modernization: Upgrading and modernizing outdated legacy systems to ensure they meet modern business needs, enhancing security, performance, and scalability. |

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Recent Developments

Departure of Certain Director

On August 1, 2025, Ms. Liew Yu Ying, a member
of the board of directors (the “Board”) of the Company, tendered her resignation as an independent director of the Board,
effective August 1, 2025. Ms. Liew Yu Ying’s resignation was not a result of any disagreement with the Company on any matter related
to the operations, policies, finance, accounting or practices of the Company.

Appointment and Redesignation of Directors

On July 7, 2025, the Board appointed Mr. Lee Tze
Wee as an independent director, and a member of the Audit Committee, Nominating & Corporate Governance Committee, and Compensation
Committee. The Board has determined that Mr. Lee Tze Wee meets the independent director’s standard under Nasdaq listing standards
and under Rule 10-A-3(b)(1) of the Securities Exchange Act of 1934, as amended.

On July 7, 2025, the Board designated one of its
independent directors, Mr. Alex Chua Siong Kiat as an executive director of the Board.

Acquisition of QuantGold Data Platform

On June 24, 2025, the Company acquired 20% equity
stake in QuantGold Data Platform (“QuantGold”), a sovereign-grade AI infrastructure designed to enable computation on sensitive
datasets without compromising data ownership or privacy. As part of the consideration given to QuantGold in the acquisition, the Company
issued 11,904,762 ordinary shares, no par value per share, of the Company to QuantGold.

Recent Offerings

Offering with Alumni

On August 1, 2024, we entered into a Purchase
Agreement and a three-year ordinary share purchase warrant (the “Commitment Warrant”) with Alumni Capital LP (“Alumni”).
Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $5 million
of our Ordinary Shares (the “Commitment Amount”), no par value, at the Purchase Price (as defined under “Alumni Capital
Transaction”) during the period