Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 153

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 19
Chunk 153
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941       32,583,106  
  At December 31, 2024 (US$)                                                          3,267,529       1,000,000      1,503,848      1,467,386      49,870         7,288,633  

The Company’s intangible assets
primarily comprise the Socializer Messenger Platform Software, AI-Powered Travel Platform Software, Credit Service Management Software,
Financial Fund Management System, and other software packages.

The Socializer Messenger Platform Software
is an externally acquired solution from a third-party vendor. It is a highly secure messaging platform designed to safeguard users’
privacy and data from unauthorized access, surveillance, and cyberattacks. The platform employs end-to-end encryption, ensuring that only
the sender and the intended recipient can access the messages. This software is initially recognized at cost and amortized on a straight-line
basis over the useful life of10years.

The AI-Powered Travel Platform Software
is an externally acquired solution from a third-party vendor. It utilizes artificial intelligence to personalize and optimize travel planning
by suggesting destinations, planning itineraries, securing the best deals on flights and hotels, and providing real-time updates based
on users’ preferences, behaviors, and travel histories. The software is in the final stage of development as of December 31, 2024
and expected to be completed in July 2025.

The Credit Service Management Software
includes both externally purchased software and internally developed enhancements and modifications. It supports the Company’s loan
operation activities by automating and streamlining processes such as capturing and processing loan applications, conducting credit assessments,
managing approval workflows, assessing and mitigating credit risks, tracking repayments, calculating interest, managing overdue loans,
issuing payment reminders, and generating reports for internal and regulatory purposes. The software is in the testing phase as of December
31, 2024, and is expected to be completed and become operational in September 2025.

The Finance Management System is an
externally acquired solution from a third-party vendor that assists users in managing investment funds, including portfolio tracking,
asset allocation, risk assessment, performance analysis, and compliance. It enables fund managers to make informed decisions and ensures
transparency for investors. The software is in the final stage of development as of December 31, 2024, and expected to be completed in
September 2025.

F-31

Other Software Packages comprise the
Robosale SaaS Platform software, Make-A-W