Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 23

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 23
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 and progress of our commercialization efforts, research and development
efforts, the timing and progress of any partnering efforts, technological advances and the competitive environment for our products. As
of the date of this prospectus supplement, we cannot specify with certainty all of the particular uses for proceeds we receive. Accordingly,
our management will have broad discretion in the timing and application of these proceeds. Pending application of the net proceeds as
described above, we intend to temporarily invest the proceeds in short-term, interest-bearing instruments.

<div align='center'>S-12

DIVIDEND POLICY</div>

On June 6, 2023, we declared a first single tier
interim dividend of $0.01 per ordinary share. The dividend was paid out on July 31, 2023, to the shareholders whose names were on the
record at the close of business on July 3, 2023. On July 31, 2023, we paid out dividends in the amount of $104,557.28 to our shareholders.

We expect to pay dividends to shareholders on
a regular basis at the end of each financial year, irrespective of any interim dividends, which may be declared intermittently. Our Board
of Directors shall have the sole discretion on the annual amount of dividend to be paid to the shareholders.

Any future determination relating to our dividend
policy will be made at the discretion of our Board and will depend on then existing conditions. Under BVI law, the directors of the company
can approve a distribution at any time and of such amount as they think fit, provided that the resolution of directors authorizing the
distribution must include a Solvency Statement that, in the opinion of the directors, the company will, immediately after the distribution,
satisfy the solvency test set out in the BVI Business Companies Act, 2004, being that:

| i. | the value of the company’s          
 assets exceeds its liabilities; and |

| ii. | the company is able to pay  
 its debts as they fall due. |

<div align='center'>S-13

CONVERTIBLE NOTES TRANSACTION</div>

On August 13, 2025, the Company entered into a
Securities Purchase Agreement with Alumni, pursuant to which the Company agreed to issue and sell, and Alumni agreed to purchase, in multiple
tranches, Convertible Notes having an aggregate principal amount of up to $61,200,000 and accompanying Alumni Warrants to purchase up
to 6