Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 165

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 165
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 in Malaysia paid to employers, to help employers affected economically by the COVID-19 pandemic to
continue operations and avoid the loss of jobs and income streams.

In 2022, the gain on disposal of unquoted
investment, FVPL related to the disposal of shares in DFA Robotics Co., Ltd to a third party.

  23      COST OF SERVICES  
 ────────────────────────────

                        December 31,      December 31,      December 31,                 
                                2022              2023              2024                 
                                  RM                RM                RM                 
 ─────────────────────────────────────────────────────────────────────────────────────────
  Consultant fee           1,884,806        11,075,069         9,810,454      2,194,536  
  IT expenses              5,724,360         1,098,800        10,767,202      2,408,554  
  Subscription fee            14,125           140,982            48,691         10,892  
  Referral fee                     -         2,534,502           809,764        181,139  
  Others                      32,598           534,664           684,292        153,072  
  Total                    7,655,889        15,384,017        22,120,403      4,948,193  

The “consultant fee” refers
to the Company costs incurred from assisting its clients, in engaging all the relevant professionals required during the listing
process, including but not limited to legal counsel, auditors, finance consultants, US capital markets consultant, which such consultant
fee payment shall be included and be treated as part of our consultation services for its clients during the IPO’s process.

F-44

The IT expenses refer to the costs
incurred for the technology-related resources and services. These include hardware, cloud services, subcontractor cost, IT consultancy
service from outside expert and so on. IT expenses have increased dramatically compared to the previous year due to the increase in IT
projects and lack of internal resources, thus highly dependent on outside IT subcontractors.

Included in the others, RM 65,839(US$ 14,728) is the discount given
to personal loans, RM318,851(US$71,325) is the shared income paid to Zcity, and RM75,000(US$16,777) is