Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 30

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 30
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 In general, actions of a director are presumed to have been made on an informed basis, in good faith and in the
honest belief that the action taken was in the best interests of the corporation. However, this presumption may be rebutted by evidence
of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, the director must
prove the procedural fairness of the transaction, and that the transaction was of fair value to the corporation.

Under British Virgin Islands law, the directors
owe fiduciary duties at both common law and under statute, including a statutory duty to act honestly, in good faith and with a view to
our best interests. When exercising powers or performing duties as a director, the director is required to exercise the care, diligence
and skill that a reasonable director would exercise in the circumstances taking into account, without limitation, the nature of the company,
the nature of the decision and the position of the director and the nature of the responsibilities undertaken by him. In exercising the
powers of a director, the directors must exercise their powers for a proper purpose and shall not act or agree to the company acting in
a manner that contravenes our memorandum and articles of association or the BVI Act.

In certain circumstances, a shareholder has the
right to seek various remedies against the company in the event the directors are in breach of their duties under the BVI Act. Pursuant
to Section 184B of the BVI Act, if a company or director of a company engages in, proposes to engage in or has engaged in, conduct that
contravenes the provisions of the BVI Act or the memorandum or articles of association of the company, the courts of the British Virgin
Islands may, on application of a shareholder or director of the company, make an order directing the company or director to comply with,
or restraining the company or director from engaging in conduct that contravenes the BVI Act or the memorandum or articles. Furthermore,
pursuant to Section 184I(1) of the BVI Act, a shareholder of a company who considers that the affairs of the company have been, are being
or likely to be, conducted in a manner that is, or any acts of the company have been, or are likely to be oppressive, unfairly discriminatory,
or unfairly prejudicial to him in that capacity, may apply to the courts of the British Virgin Islands for an order which, inter alia,
can require the company or any