VCI Global Limited (NASDAQ: VCIG) ("VCI Global" or the "Company") today provided clarification regarding its recent Form D filing with the U.S. Securities and Exchange Commission (SEC) in connection with its US$125 million standby Equity Purchase Agreement (EPA) with Hudson Global Ventures, LLC.

The Company clarified that the agreement establishes a standby equity purchase facility, commonly referred to as an equity line of credit (ELOC). The facility provides VCI Global with the option to access capital over a 36-month period, subject to the terms and conditions of the agreement. The US$125 million represents the facility's stated maximum size and does not constitute an immediate issuance or sale of US$125 million in ordinary shares.