Notably, the conversion price represents a 24.9% premium to VCI Global’s closing market price of US$4.50 on June 24, 2026, reflecting institutional confidence in the Company’s strategic transformation, long-term growth direction, and continued execution of its AI-native operating platform vision.

The institutional decision to convert warrants into equity further demonstrates confidence in VCI Global’s strategic direction, strengthens shareholder alignment, and simplifies the Company’s capital structure.

"We are very pleased with this strong demonstration of confidence from Esousa Holdings," said Ang Zhi Feng, Chief Financial Officer of VCI Global. "Their decision to convert these instruments into equity at a premium to the prevailing market price underscores their conviction in our strategic roadmap, commercial pipeline, and continued execution. This transaction represents meaningful alignment between our institutional stakeholders and the Company’s long-term vision."

The shares issued in connection with this transaction were finalised following completion of the necessary structural and formal reviews. The transaction details will be disclosed in the Company’s Report of Foreign Private Issuer on Form 6-K, to be furnished to the U.S. Securities and Exchange Commission (SEC).

This transaction reinforces VCI Global’s commitment to building a stronger capital foundation as the Company continues to advance its AI-native platform strategy, focusing on intelligent systems, data-driven decision-making, governance infrastructure, and strategic growth initiatives.