Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 96

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 8
Chunk 96
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Item 8. FINANCIAL INFORMATION

A. Consolidated Statements and Other Financial
Information

We have appended consolidated financial statements
filed as part of this annual report. See “ Item 18. Financial Statements.”

Legal Proceedings

We are not currently a party to any legal proceedings
that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of the outcome, litigation
can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

Dividend Policy

On June 6, 2023, we declared a first single tier
interim dividend of USD0.01 per Ordinary Share. The dividend was paid out on July 31, 2023, to shareholders of record on July 3, 2023
in the amount of USD103,809.35. We announced a change in our dividend policy on 6 June 2023. Going forward, dividend will be paid to shareholders
on a regular basis at the end of each financial year, irrespective of any interim dividends, which may be declared intermittently. The
payment of dividends will be made at the sole discretion of the Board of Directors of the Company. 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:

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

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

B. Significant Changes

Except as
disclosed elsewhere in this annual report, we have not experienced any significant changes since the date of our audited consolidated
financial statements included in this annual report.

Item 9. THE OFFER AND LISTING