Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 19

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 3
Chunk 19
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 for our ordinary shares could decrease, which might cause the price of our ordinary shares and trading volume to decline.

Future sales of ordinary shares, or the
perception of such future sales, by some of our existing shareholders could cause our share price to decline.

The market price of our ordinary shares could
decline as a result of sales of a large number of shares of our ordinary shares in the market or the perception that these sales may occur.
These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell shares in the future at a
time and at a price that we deem appropriate.

In the future, our ability to raise additional
capital to expand our operations and invest in our business may be limited, and our failure to raise additional capital, if required,
could impair our business.

While we currently anticipate that our available
funds will be sufficient to meet our cash needs for at least the next 12 months, we may need or elect to seek, additional financing at
any time. Our ability to obtain financing will depend on, among other things, our development efforts, business plans, operating performance
and condition of the capital markets at the time we seek financing. If we need or elect to raise additional funds, we may not be able
to obtain additional debt or equity financing on favorable terms, if at all. If we raise additional equity financing, our shareholders
may experience significant dilution of their ownership interests and the per-share value of our ordinary shares could decline. If we engage
in additional debt financing, we may be required to accept terms that further restrict our ability to incur additional indebtedness and
force us to maintain specified liquidity or other ratios and limit the operating flexibility of our business. If we need additional capital
and cannot raise it on acceptable terms, we may not be able to, among other things:

  fund our operating capital requirements as we grow;  

  retain the leadership team and staff required; and  

  repay our liabilities as they come due.  

We currently report our financial results
under IFRS, which differs in certain significant respects from U. S. GAAP.

Currently we report our financial statements under
IFRS. There have been and there may in the future be certain significant differences between IFRS and U. S. GAAP, including differences
related to revenue recognition, share-based compensation expense, income tax and earnings per share. As a result, our financial information
and reported earnings for historical or future periods could be