Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 22

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 22
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. On July 31, 2023, we paid out dividends in the amount of $104,557.28 to our shareholders.

We expect to pay dividends to shareholders on
a regular basis at the end of each financial year, irrespective of any interim dividends, which may be declared intermittently. Our Board
of Directors shall have the sole discretion on the annual amount of dividend to be paid to the shareholders.

Any future determination relating to our dividend
policy will be made at the discretion of our Board and will depend on then existing conditions. Under BVI law, the directors of the company
can approve a distribution at any time and of such amount as they think fit, provided that the resolution of directors authorizing the
distribution must include a Solvency Statement that, in the opinion of the directors, the company will, immediately after the distribution,
satisfy the solvency test set out in the BVI Business Companies Act, 2004, being that:

| i. | the value of the company’s          
 assets exceeds its liabilities; and |

| ii. | the company is able to pay  
 its debts as they fall due. |

<div align='center'>ALUMNI CAPITAL TRANSACTION</div>

On August 1, 2024, we entered into the Purchase
Agreement and Commitment Warrant with Alumni Capital. Pursuant to the terms of the Purchase Agreement, Alumni Capital has agreed to purchase
from us up to $35,000,000 (the “Commitment Amount”) of our ordinary shares from time to time during the term of the Purchase
Agreement. Pursuant to the terms of the Purchase Agreement, we have filed with the SEC this prospectus supplement regarding the sale and
issuance of Selling Shareholder Shares under the Securities Act. In connection with the execution of the Purchase Agreement, we have issued
the Commitment Warrant to Alumni Capital as a commitment fee. The Commitment Warrant provides Alumni Capital with the right to purchase
at any time until August 1, 2027, up to a number of Warrant Shares equal to (i) 20% of the Commitment Amount less the aggregate Exercise
Values (as defined below) of all previous partial exercises of the Commitment Warrant, divided by (ii) the Exercise Price (as defined
below) on the date of exercise. As of the date of this prospectus supplement, a total of $14,922,652.77 of our ordinary have been sold
to Alumni Capital