{"url_path":"/sec/vcig/10-k/2026/item-8","section_key":"item-8","section_title":"Item 8 FINANCIAL INFORMATION**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-15","source_url":"https://www.sec.gov/Archives/edgar/data/1930510/0001213900-26-078044-index.html","accession_number":"0001213900-26-078044","cik":"0001930510","ticker":"VCIG","issuer_name":"VCI Global Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1930510/0001213900-26-078044-index.html","primary_entity_key":"0001930510","primary_entity_name":"VCI Global Ltd"},"word_count":485,"has_tables":true,"body_markdown":"**Item\n8. FINANCIAL INFORMATION**\n\n \n\nA.\nConsolidated Statements and Other Financial Information\n\n \n\nWe\nhave appended consolidated financial statements filed as part of this annual report. See “Item 18. Financial Statements.”\n\n \n\n**Legal\nProceedings**\n\n** **\n\nOn December 18, 2024, Boustead Securities, LLC\n(“Boustead”) filed an arbitration claim before the Financial Industry Regulatory Authority (“FINRA”) against the Company,\nalleging that the Company breached the terms of an engagement agreement entered into in connection with the Company’s initial public offering.\nBoustead alleges that the Company failed to honour a right of first refusal clause entitling Boustead to participate in certain capital-raising\ntransactions conducted by the Company following its initial public offering. Boustead claims total fees of approximately US$ $6,000,000,\nexclusive of fees in respect of certain transactions for which the amount has not yet been determined, and also seeks unissued warrants,\ninterest, and legal costs.\n\n \n\nThe matter is at an early stage. The Company has\nfiled its answer and affirmative defenses, denying the allegations and claims in their entirety, including objecting to the jurisdiction\nof the FINRA arbitration forum. The Company intends to defend the arbitration vigorously. However, the outcome of any arbitration or litigation\nis inherently uncertain, and there can be no assurance that the Company will prevail. An adverse outcome could have a material adverse\neffect on the Company’s financial condition and results of operations.\n\n \n\nOther than the Boustead arbitration described\nabove, we are not currently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse\neffect on our business. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs,\ndiversion of management resources and other factors.\n\n \n\n66\n\n \n\n \n\n**Dividend\nPolicy**\n\n \n\nOn June 6, 2023, we declared a first single tier\ninterim dividend of US$0.01 per Ordinary Share. The dividend was paid out on July 31, 2023, to shareholders of record on July 3, 2023\nin the amount of US$103,809.35. The payment of dividends will be made at the sole discretion of the Board of Directors of the Company.\nWhile we paid dividends in 2023, we did not do so in the fiscal years ended December 31, 2024 and 2025.\n\n \n\nUnder\nBVI law, the directors of the company can approve a distribution at any time and of such amount as they think fit, provided that the\nresolution of directors authorizing the distribution must include a Solvency Statement that, in the opinion of the directors, the company\nwill, immediately after the distribution, satisfy the solvency test set out in the BVI Business Companies Act, 2004, being that:\n\n \n\n \ni.\nthe\nvalue of the company’s assets exceeds its liabilities; and\n\n \n\n \nii.\nthe\ncompany is able to pay its debts as they fall due.\n\n \n\nB.\nSignificant Changes\n\n \n\nExcept\nas disclosed elsewhere in this annual report, we have not experienced any significant changes since the date of our audited consolidated\nfinancial statements included in this annual report."}