Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 50

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 50
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 other expenses.

In order to maintain our current status as a foreign
private issuer, either (1) a majority of our ordinary shares must be either directly or indirectly owned of record by non-residents of
the United States or (2) (a) a majority of our executive officers or directors must not be U.S. citizens or residents, (b) more than 50
percent of our assets cannot be located in the United States and (c) our business must be administered principally outside the United
States. If we lose this status, we would be required to comply with the Exchange Act reporting and other requirements applicable to U.S.
domestic issuers, which are more detailed and extensive than the requirements for foreign private issuers. We may also be required to
make changes in our corporate governance practices in accordance with various SEC rules and the Nasdaq Capital Market’s listing
standards. The regulatory and compliance costs to us under U.S. securities laws if we are required to comply with the reporting requirements
applicable to a U.S. domestic issuer may be higher than the cost we would incur as a foreign private issuer. As a result, we expect that
a loss of foreign private issuer status would increase our legal and financial compliance costs. We also expect that if we were required
to comply with the rules and regulations applicable to U.S. domestic issuers, it would make it more difficult and expensive for us to
obtain director and officer liability insurance. These rules and regulations could also make it more difficult for us to attract and retain
qualified Board members.

We are a BVI-incorporated company with substantially all our assets located in Malaysia, and it may be difficult to enforce a judgment of U.S. courts for civil liabilities under U.S. federal securities laws against us, our directors or officers.

We are incorporated under the laws of the British
Virgin Islands, and our directors are residents outside the United States. Moreover, substantially all our consolidated assets are located
outside the United States, primarily Malaysia but also elsewhere in Southeast Asia. In addition, our directors or our executive officers
do not reside in the British Virgin Islands. Although we are incorporated outside the United States, we have agreed to accept service
of process in the United States through our agent designated for that purpose. Nevertheless, substantially all the consolidated assets
owned by us are located outside the United States and any judgment obtained in the United States against us may not be enforceable outside
the United States.

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