Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 24

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 24
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, to (a) the market price of our Ordinary Shares and (b) the composition of our income and assets, which
will be affected by how, and how quickly, we spend any cash that is raised in any financing transaction. Moreover, our ability to earn
specific types of income that we currently treat as non-passive for purposes of the PFIC rules is uncertain with respect to future years.
Because the value of our assets for the purpose of determining PFIC status will depend in part on the market price of our Ordinary Shares,
which may fluctuate significantly. We do not expect to be a PFIC for our current taxable year or in the foreseeable future. However, there
can be no assurance that we will not be considered a PFIC for any taxable year.

If we are a PFIC, a U.S.
Holder (as defined below) would be subject to adverse U.S. federal income tax consequences, such as ineligibility for any preferred tax
rates on capital gains or on actual or deemed dividends, interest charges on certain taxes treated as deferred, and additional reporting
requirements under U.S. federal income tax laws and regulations. A U.S. Holder may in certain circumstances mitigate adverse tax consequences
of the PFIC rules by filing an election to treat the PFIC as a qualified electing fund (“QEF”) or, if shares of the PFIC are
“marketable stock” for purposes of the PFIC rules, by making a mark-to-market election with respect to the shares of the PFIC.
We do not intend to comply with the reporting requirements necessary to permit U.S. Holders to elect to treat us as a QEF. If a U.S. Holder
makes a mark-to-market election with respect to its ordinary shares, the U.S. Holder is in its U.S. federal taxable income an amount reflecting
any year end increase in the value of its ordinary shares. For purposes of this discussion, a “U.S. Holder” is a beneficial
owner of ordinary shares that is for U.S. federal income tax purposes: (i) an individual who is a citizen or resident of the United States;
(ii) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the
laws of the United States, any state thereof or the District of Columbia; (iii) an estate the income of which is subject to U.S. federal
income taxation regardless of its source; or (iv) a trust (