Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 53

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 53
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 is difficult to predict and may
not occur evenly throughout the year. Should performance-based fee arrangements represent a greater percentage of our business in the
future, we may experience increased volatility in our working capital requirements and greater variations in our quarter-to-quarter results,
which could affect the price of our ordinary shares. In addition, an increase in the proportion of performance-based fee arrangements
may offset the positive effect on our operating results from increases in our utilization rate or average billing rate per hour.

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Developments in the social, political, regulatory and economic environment in the countries where we operate may have a material and adverse impact on us.

Our business, prospects, financial condition and
results of operations may be adversely affected by social, political, regulatory and economic developments in countries in which we operate.
Such political and economic uncertainties include, but are not limited to, the risks of war, terrorism, nationalism, nullification of
contract, changes in interest rates, imposition of capital controls and methods of taxation. For example, we have considerable operations
in Malaysia, and negative developments in Malaysia’s socio-political environment may adversely affect our business, financial condition,
results of operations and prospects. Although the overall economic environment in Malaysia and other countries where we operate appear
to be positive, there can be no assurance that this will continue to prevail in the future.

We have only a limited ability to protect our intellectual property rights, which are important to our success.

Our success depends, in part, upon our ability
to protect our proprietary methodologies and other intellectual property. Existing laws of some countries in which we provide services
may offer only limited protection of our intellectual property rights. We rely upon a combination of trade secrets, confidentiality policies,
nondisclosure and other contractual arrangements, and patent, copyright and trademark laws to protect our intellectual property rights.
The steps we take in this regard may not be adequate to prevent or deter infringement or other misappropriation of our intellectual property,
and we may not be able to detect unauthorized use or take appropriate and timely steps to enforce our intellectual property rights.

We are increasingly dependent on information technology, and our systems and infrastructure face certain risks, including cybersecurity and data leakage risks.

Significant disruptions to our information technology
systems or breaches of information security could adversely affect our business. In the ordinary course of business, we will collect,
store and transmit large amounts of confidential information, and it is critical that we do so in a secure manner to maintain the confidentiality
and integrity of such information.