Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 35

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4
Chunk 35
---
 Foreign Private Issuer on Form 6-K filed with the SEC on January 13, 2025.

On January 23, 2025, we entered into a securities purchase agreement
with an accredited investor (the “January 23 Purchasers”), pursuant to which the Company agreed to issue and sell to
the January 23 Purchaser an aggregate of 1,120,448 ordinary shares (the “January 23 Shares”), no par value per share,
in a registered direct offering. The January 23Shares were sold at a purchase price of $1.19 per Ordinary Share. For a more detailed description
of this offering, see our Report of Foreign Private Issuer on Form 6-K filed with the SEC on January 23, 2025.

On February 15, 2025, we entered into certain securities purchase agreements
with two investors (the “February 15 Purchasers”), pursuant to which the Company agreed to issue and sell to the February
15 Purchasers an aggregate of 3,300,000 ordinary shares (the “February 15 Shares”), no par value per share, in a registered
direct offering. The February 15 Shares were sold at a purchase price of $1.30 per Ordinary Share. For a more detailed description of
this offering, see our Report of Foreign Private Issuer on Form 6-K filed with the SEC on February 18, 2025.

On March 17, 2025, we entered into certain securities
purchase agreements with two investors (the “ March 17 Purchasers”), pursuant to which the Company agreed to issue and sell
to the March 17 Purchasers an aggregate of 5,100,000 ordinary shares (the “ March 17 Shares”), no par value per share, in a
registered direct offering. The March 17 Shares were sold at a purchase price of $1.10 per Ordinary Share. For a more detailed description
of this offering, see our Report of Foreign Private Issuer on Form 6-K filed with the SEC on March 17, 2025.

Apart from the aforementioned transactions,
a total of 2,166,667 ordinary shares have also been issued to various investors.

Share Repurchase Program

On August 19, 2024, we announced that its Board
of Directors has approved a share repurchase program with authorization to purchase up to $10 million of the Company’s outstanding
ordinary share (the “ Repurchase Program”). The volume and timing of any repurchases