Exhibit 99.1

FOURTH MODIFICATION AGREEMENT

THIS FOURTH MODIFICATION AGREEMENT (this “Fourth Modification Agreement”) is made and entered into effective as of May 21, 2025 (the “Effective Date”), by and between VCI GLOBAL LIMITED, a British Virgin Islands corporation (“Company”), and ALUMNI CAPITAL LP, a Delaware limited partnership (“Investor”).

Recitals

A. Company and Investor are parties to a Purchase Agreement dated as of August 1, 2024, a Purchase Warrant Agreement dated as of August 1, 2024, a Purchase Agreement Modification Agreement dated as of September 27, 2024, an Amended Modification Agreement dated as of January 13, 2025, and a Modification Agreement dated as of April 1, 2025 (collectively the “Agreements”).

B. Pursuant to the Agreements, the Company and Investor entered into agreement whereby the Investor shall purchase up to One Hundred Thirty Five Million Dollars ($135,000,000) of the Company’s Ordinary Shares from time to time, subject to the terms and conditions in the agreements, with the Commitment Period beginning on the Execution Date of August 1, 2024 and ending on December 31, 2025.

C. Company and Investor have agreed to modify the Agreements in accordance with the terms and conditions set forth in this Fourth Modification Agreement.

Fourth Modification Agreement

In consideration of the mutual covenants and agreements set forth in this Fourth Modification Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Company and Investor hereby agree as follows:

1. Amendment to Purchase Agreement

1.1. Purchase Price. Pursuant to Section 1 of the Purchase Agreement titled “Certain Definitions,” the first sentence of the “Purchase Price” definition shall be amended to read: “shall mean the lowest traded price for the Ordinary Shares for the five (5) consecutive Business Days immediately prior to the Closing Date with respect to the Purchase Notice multiplied by 102%.”.

2. Amendment to Warrant Agreement

2.1. Exercise. Pursuant to Section 2 of the Warrant Agreement titled “Exercise,” and specifically Section 2(d) titled “Cashless Exercise,” the following sentence shall be added to the end thereof: “Notwithstanding the foregoing, the Investor shall have the right, at its sole discretion, to exercise up to $5,000,000 of the Warrant pursuant to a Cashless Exercise irrespective of a Registration Statement registering the Warrant Shares.”.

3. Other Provisions in Full Force. Except as specifically provided herein, the Agreements shall remain in full force and effect in accordance with the original terms and conditions which were amended in the Agreements.

4. Notices. Any notice required, permitted or contemplated hereunder shall be in accordance with the applicable “Notices” provision in the Purchase Agreement and Warrant Agreement.

5. Miscellaneous. This Fourth Modification Agreement sets forth the entire agreement of the parties with respect to the subject matter of this Fourth Modification Agreement and supersedes all previous understandings, written or oral, in respect of this Fourth Modification Agreement. This Fourth Modification Agreement may be signed by facsimile signatures or other electronic delivery of an image file reflecting the execution hereof, and if so signed, (a) may be relied on by each party as if the document were a manually signed original and (b) will be binding on each party for all purposes. This Fourth Modification Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. This Fourth Modification Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all which together shall constitute one and the same agreement. If any term of this Fourth Modification Agreement is found invalid by a court of competent jurisdiction, the invalid term will be considered excluded from this Fourth Modification Agreement and will not invalidate the remaining terms of this Fourth Modification Agreement. At no time shall the prior or subsequent course of conduct by Company or Investor directly or indirectly limit, impair, or otherwise adversely affect any of the parties’ rights or remedies in connection with this Fourth Modification Agreement or any of the documents, instruments and agreements executed in connection herewith, as Investor and Company agree that this Fourth Modification Agreement and the documents, instruments, and agreements executed in connection herewith shall only be amended by written instruments executed by Investor and Company. This Fourth Modification Agreement is made and entered into for the protection and benefit of Investor and Company and their permitted successors and assigns, and no other person, association, authority or entity shall be a direct or indirect beneficiary of or have any direct or indirect cause of action or claim in connection with this Fourth Modification Agreement.

IN WITNESS WHEREOF, Investor and Company have executed this Fourth Modification Agreement to be effective as of the Effective Date.

3

Exhibit 99.2

VCI Global Launches QuantGold to Power the Next Era of Sovereign AI and Encrypted Data Monetization

QuantGold Enables AI to Compute on Sensitive Data without Exposure – Backed by 120+ Encryption Patents and Already Deployed in 100+ Institutions

Targeting an approximate US$400 Billion Market, QuantGold Offers Encrypted, Pay-Per-Use AI Compute to Unlock the Sovereign Data Economy for Governments and Enterprises

June 24, 2025 | Globe Newswire

KUALA LUMPUR, Malaysia, June 24, 2025 – VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company, today announced the official launch of the QuantGold Data Platform (“QuantGold”), a sovereign-grade AI infrastructure designed to enable computation on sensitive datasets without compromising data ownership or privacy. The launch represents a major step forward in building secure, compliant AI systems capable of unlocking value from previously inaccessible data.

VCI Global will own a 20% equity stake in QuantGold and integrate its cybersecurity, AI GPU, and data infrastructure businesses into the platform, creating one of Southeast Asia’s most comprehensive encrypted AI ecosystems.

Despite major advances in AI, nearly 90% of institutional data remains out of reach due to privacy, regulatory, and infrastructure constraints. Critical sectors like healthcare, finance, and government hold sensitive data that AI systems cannot access without risk exposure or non- compliance.

“Most institutional data is locked away, yet it holds the key to the next phase of AI,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, who has also been appointed CEO of QuantGold. “QuantGold bridges that gap, enabling AI to compute on sensitive data without exposing it, and unlocking what could be hundreds of billions in unrealized value.”

The Solution: Compute on Encrypted Data Without Exposure

QuantGold introduces a secure, zero-trust infrastructure that allows AI models to perform encrypted computations without ever accessing raw data. Hardware-based encryption and blockchain audit trails form the foundation of its compliance-focused architecture.

Key features include:

QuantGold is supported by more than 120 encryption patents, with core components already deployed across over 100 organizations in sectors such as finance, telecommunications, and aviation.

A New Model for Data Monetization

QuantGold operates on a pay-per-compute model, enabling data owners, such as corporations, universities, and public institutions, to monetize sensitive data without relinquishing custody or control.

Proof-of-concept deployments are currently underway with enterprise and institutional partners. The platform also offers a range of modular capabilities, including:

About QuantGold Data Platform

QuantGold is a sovereign-grade encrypted AI compute platform that enables institutions to extract insights from sensitive data without exposing the underlying information. Built on a foundation of over 120 encryption patents, QuantGold combines hardware-based security, GPU-accelerated infrastructure, and blockchain auditability to support compliant, privacy- preserving AI computation. Its pay-per-compute model allows governments, enterprises, and research institutions to monetize data securely while maintaining full ownership and control. QuantGold operates across key sectors including healthcare, finance, public administration, and AI R&D, with deployments underway across Southeast Asia and the Middle East.

About VCI Global Limited

VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.

For more information on the Company, please log on to https://v-capital.co/.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward- looking statements. Actual results could differ materially from those described in these forward- looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

VCI GLOBAL LIMITED

enquiries@v-capital.co

View original content: