Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 18

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 18
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 assets)
and may also be affected by the application of the PFIC rules, which are subject to differing interpretations. The fair market value
of our assets is expected to relate, in part, 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