Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 16

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 3
Chunk 16
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 our Company or our failure to meet these
estimates or the expectations of investors; announcements by us or our competitors of significant innovations, acquisitions, strategic
partnerships, joint ventures, operating results or capital commitments; changes in operating performance and stock market valuations
of other companies in our industry; price and volume fluctuations in the overall stock market, including as a result of trends in the
economy as a whole; changes in our Board or management; sales of large blocks of our ordinary shares, including sales by our executive
officers, directors and significant stockholders; lawsuits threatened or filed against us; changes in laws or regulations applicable
to our business; the expiration of lock-up agreements; changes in our capital structure, such as future issuances of debt or equity securities;
short sales, hedging and other derivative transactions involving our capital stock; general economic and geopolitical conditions, including
the current or anticipated impact of military conflict and related sanctions imposed on Russia by the United States and other countries
due to Russia’s recent invasion of Ukraine; and the other factors described in this section of the annual report captioned “ Risk
Factors.”

As a company incorporated in the British
Virgin Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly
from Nasdaq corporate governance listing standards. These practices may afford less protection to shareholders than they would enjoy if
we complied fully with Nasdaq corporate governance listing standards.

As a company incorporated in the BVI that is listed on Nasdaq, we are
subject to Nasdaq corporate governance listing standards. However, Nasdaq rules permit a foreign private issuer like us to follow the
corporate governance practices of its home country. Corporate governance practices in the BVI, which is our home country, do not require
(i) a majority independent board of directors; the establishment of a nominating and corporate governance committee (or having director
nominations made by all independent directors); (ii) the establishment of a compensation committee; (iii) the audit committee to be comprised
of three directors, which are all Nasdaq corporate governance listing standards; (iv) same level of disclosure on certain issues, such
as executive compensation; (v) solicit proxies and provide proxy statements for all shareholder meetings; (vi) seek shareholder approval
for the implementation of certain equity compensation plans and issuances of shares or (vii) hold an annual meeting of shareholders no
later than one year after the end of each of the company’s fiscal years. If we