Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 1

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 3
Chunk 1
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 implementing our growth strategy.

We have invested a substantial amount of time
and resources in our affiliates, alliances, and investee portfolio companies, and we plan to make substantial additional acquisition investments
in the future. The benefits we anticipate from these relationships are an important component of our growth strategy. If these relationships
do not succeed, we may lose our investments or fail to obtain the benefits we hope to derive from them. Similarly, we may be adversely
affected by the failure of one or more of our affiliates or alliances, which could lead to reduced marketing exposure, and a decreased
ability to develop and gain access to solutions. Moreover, because most of our alliance relationships are nonexclusive, our alliance partners
can form closer or preferred arrangements with our competitors. In addition, our venture capital activities may suffer from the poor performance
of the portfolio companies in which we invest or our inability to obtain attractive returns on our investments to monetize these investments
at all. These losses or failures could have a material and adverse impact on our growth strategy, which, in turn, could adversely affect
our financial condition and results of operations.

The consulting services in business and
technology industries are highly competitive, and we may not be able to compete effectively.

The consulting services in the business and technology
industries in which we operate include a large number of participants and are highly competitive. We face competition from other business
operations and financial consulting firms, general management consulting firms, the consulting practices of major accounting firms, technical
and economic advisory firms, regional and specialty consulting firms, and the technology development advisory firms and some of these
firms are global in nature and have access to more resources which may provide with the ability to highlight broader experiences to potential
clients. In addition, because there are relatively low barriers to entry, we expect to continue to face additional competition from new
entrants into the business operations and financial consulting industries. Many of our competitors have a greater national presence and
are also international in scope, as well as having significantly greater personnel, financial, technical and marketing resources. In addition,
these competitors may generate greater revenues and have greater name recognition than we do. Our ability to compete also depends in part
on the ability of our competitors to hire, retain and motivate skilled consultants, the price at which others offer comparable services
and our competitors’ responsiveness to their clients. If we are unable to compete successfully with our existing competitors or
with any new competitors, our financial results will be adversely affected.

Our inability to hire and retain talented