During the year ended 31 December 2025, the Company disposed of its equity interests in several wholly owned subsidiaries as part of its corporate restructuring and strategic realignment. Upon completion of the respective disposals, the Company ceased to control these subsidiaries and accordingly deconsolidated their financial position and results of operations from the respective disposal dates.

a. Disposal of Credilab Technology Sdn Bhd and its subsidiary (Credilab Sdn Bhd) known as “Credilab Group”

On December 31, 2025, the Company disposed of its entire equity interest in Credilab Group, a wholly owned subsidiary principally engaged in financing provider activities, to two parties, which is 70% of total equity interest to VHKL Private Limited and 30% of total equity interest to Quanstar Capital Partners LLC for a total consideration of US$30,618,000 and US$13,122,000 respectively. Upon completion of the disposal, the Company ceased to control Credilab Group and, accordingly, deconsolidated the subsidiary from that date.

The assets and liabilities of Credilab Group at the date of disposal were as follows:

The loss on disposal is calculated as below:

The loss on disposal has been recognised in other operating expenses in the consolidated statement of profit or loss and other comprehensive income.

As of December 31, 2025, no consideration had been received. Pursuant to the sale and purchase agreement, the purchaser is granted a period of five years from the date of the agreement to settle the purchase consideration, either in cash, by the issuance of shares, or through a combination of cash and shares.

b. Disposal of V Capital Consulting Group and its subsidiaries (V Capital Consulting Limited and V Capital Advisory Sdn Bhd) known as “VCCG”

On December 15, 2025, the Company disposed of its entire equity interest in VCCG, a wholly owned subsidiary principally engaged in business consultancy, to VHKL Private Limited for total consideration of US$33,975,000. Upon completion of the disposal, the Company ceased to control VCCG and, accordingly, deconsolidated the subsidiary from that date.

The assets and liabilities of VCCG Group at the date of disposal were as follows:

The gain on disposal is calculated as below:

The gain on disposal has been recognised in other income in the consolidated statement of profit or loss and other comprehensive income.

As of December 31, 2025, no consideration had been received. Pursuant to the sale and purchase agreement, the purchaser is granted a period of three years from the date of the agreement to settle the purchase consideration, either in cash, by the issuance of shares listed on a major stock exchange or through a combination of both.

c. Disposal of several dormant companies for group restructuring

Apart from the above disposal, the Company disposed of its equity interests in several wholly-owned subsidiaries as part of its corporate restructuring and strategic realignment. Upon completion of the respective disposals, the Group ceased to control these subsidiaries and accordingly deconsolidated their financial position and results of operations from the respective disposal dates. None of the disposals were individually material to the Group’s financial position or results of operations.

The loss on disposal is calculated as below:

The loss on disposal has been recognised in other operating expenses in the consolidated statement of profit or loss and other comprehensive income.

d. Disposal of Subsidiaries and Retained Investment in Associate – V Capital Real Estate Limited Group “VCRE” and VCI Energy Limited Group “VCIE”

On December 16, 2025, the Company disposed of 70% of its controlling interest in V Capital Real Estate Limited Group and VCI Energy Limited Group, resulting in loss of control over the subsidiaries. Upon disposal, the Company retained a 30% equity interest, which was recognized at its fair value of US$2 on the disposal date in accordance with IFRS 10. The retained interest is subsequently accounted for as an investment in an associate using the equity method in accordance with IAS 28.

The loss on disposal is calculated as below: