Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 25

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 25
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a) if a court within the U.S. can exercise primary supervision over its administration,
and one or more U.S. persons have the authority to control all of the substantial decisions of that trust, or (b) that was in existence
on August 20, 1996, and validly elected under applicable Treasury Regulations to continue to be treated as a domestic trust.

Investors should consult
their own legal and tax advisors regarding all aspects of the application of the PFIC rules to our Ordinary Shares.

If tax authorities were
to successfully challenge our transfer pricing, there could be an increase in our overall tax liability, which could adversely affect
our financial condition, results of operations and cash flows. In addition, the tax laws in the jurisdictions in which we operate are
subject to differing interpretations. Tax authorities may challenge our tax positions, and if successful, such challenges could increase
our overall tax liability. In addition, the tax laws in the jurisdiction in which we operate are subject to change. We cannot predict
the timing or content of such potential changes, and such changes could increase our overall tax liability, which could adversely affect
our financial condition, results of operations and cash flows.

IN ADDITION TO THE ABOVE RISKS, BUSINESSES ARE OFTEN SUBJECT TO RISKS NOT FORESEEN OR FULLY APPRECIATED BY MANAGEMENT. IN REVIEWING THIS FILING, POTENTIAL INVESTORS SHOULD KEEP IN MIND THAT OTHER POSSIBLE RISKS MAY ADVERSELY IMPACT THE COMPANY’S BUSINESS OPERATIONS AND THE VALUE OF THE COMPANY’S SECURITIES.

<div align='center'>S-12

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus supplement, the accompanying base
prospectus and the documents incorporated herein by reference contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act and Section 21E of the Exchange Actthat reflect our current expectations and views of future events. Readers are cautioned
that significant known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” and
the risk factors incorporated by reference herein may cause our actual results, performance or achievements to be materially different
from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words
or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,”