Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 52

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 52
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 the highly specialized nature of our services, these people must have a thorough understanding of our service
offerings as well as the skills and experience necessary to manage an organization consisting of a diverse group of professionals. In
addition, we rely on our senior management team to generate, handle and market our business. Further, in light of our limited operating
history, our senior management’s personal reputations and relationships with our clients are a critical element in obtaining and
maintaining client engagements. Qualified consultants are in great demand, and we face significant competition for both senior and junior
consultants with the requisite credentials and experience. Our principal competition for talent comes from other consulting firms, accounting
firms and technical and economic advisory firms, as well as from organizations seeking to staff their internal professional positions.
Many of these competitors may be able to offer significantly greater compensation and benefits or more attractive lifestyle choices, career
paths or geographic locations than we do. Therefore, we may not be successful in attracting and retaining the skilled consultants we require
to conduct and expand our operations successfully. Although we enter into non-solicitation agreements with our senior management team,
we do not enter into non-competition agreements. Accordingly, members of our senior management team are not contractually prohibited from
leaving or joining one of our competitors, and some of our clients could choose to use the services of that competitor instead of our
services. Increasing competition for these consultants may also significantly increase our labor costs, which could negatively affect
our margins and results of operations. Also, if one or more members of our senior management team leave and we cannot replace them with
a suitable candidate quickly, we could experience difficulties in securing and successfully completing engagements and managing our business
properly, which could harm our business prospects and results of operations.

Revenues from our performance-based engagements are difficult to predict, and the timing and extent of recovery of our costs is uncertain.

From time to time, primarily in our corporate
advisory services and strategic planning practices, we enter into engagement agreements under which our fees include a significant performance-based
component. Performance-based fees are contingent on the achievement of specific measures, such as our clients meeting cost-saving or other
contractually defined goals. The achievement of these contractually defined goals is often impacted by factors outside of our control,
such as the actions of our client or third parties. Because performance-based fees are contingent, revenues on such engagements, which
are recognized when all revenue recognition criteria are met, are not certain and the timing of receipt