Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 43

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4
Chunk 43
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 the service engagement
contract, our revenues are derived from a few principal types of billing arrangements as explained below:

Business Consultancy

  Retainer Engagements  

In our retainer-based engagements, the client
is billed according to the predetermined fees and billing period. The retainer fee is determined based on amongst others, the value, complexity
and scale of the engagement. Throughout the period of the retainer engagement, we provide clients with holistic business or technology
consulting services. It is the client’s expectation in these engagements that the pre-established fee will not be exceeded except
in mutually agreed upon circumstances.

  Performance-based Fees  

In performance-based billing arrangements, we
agree to a pre-established fee in exchange for a predetermined set of professional services. Generally, the client agrees to pay a fixed
fee over the specified services engaged. We set the fees based on our estimates of the complexity, scale, costs and the time it would
take to complete the engagements.

  Success Fees  

Similar to performance-based fees, success fees
engagements generally tie fees to the attainment of contractually defined objectives or upon the closing of a project. We agree to a pre-established
fee in exchange for a predetermined milestone. Success fee revenues may cause variations in our revenues and operating results due to
the timing of achieving the criteria. Generally, success fee is either attained in the form of cash or shares in our clients’ companies.
The latter opens the door for our clients and us to capitalize on forward-looking opportunities, to grow and to thrive together.

Technology Consultancy

Software is key to business efficiency as the
right software solutions make a world of difference in the day-to-day business operations. Our aim is to optimise businesses’ operations
with the right, cost-effective software solutions that improve business efficiency and productivity while reducing operating costs and
saving time.

  Consulting Fees  

Clients are billed according to a predetermined
consulting fee for a period of engagement. The consulting fee is determined based on amongst others the value, complexity, applicable
program, required IT professionals and skills, and the scale of the engagement. Throughout the engagement, we provide clients holistic
technology consulting services. The right software solutions add value to business practices, and we achieve that by identifying and understanding
the kinds of software most suited to the size, needs, and requirements of the client’s business and industry.

  Development Fees  

In our Technology segment, certain clients are
billed based on the proprietary software developed in accordance with the requirements of the clients. We provide bespoke