VCI Global Signs Term Sheet To Acquire 51% Controlling Stake In RTCAR Comercializadora de Suministros Automotrices; Financial Terms Not Disclosed

VCI Global Limited (NASDAQ: VCIG) ("VCI Global" or the "Company") today announced that it has entered a legally binding term sheet to acquire a 51% controlling equity interest in RTCAR Comercializadora de Suministros Automotrices, S.A. de C.V. ("RTCAR Mexico"), a premier Mexico-based automotive assembly and manufacturing platform. The acquisition provides VCI Global with an immediately operational, scalable industrial base to support high-volume production for a leading global automotive original equipment manufacturer (OEM) expanding its footprint in North America.

Experienced Automotive Leadership and USMCA-Ready Operations

RTCAR Mexico is led by a seasoned management team with extensive experience across global automotive OEMs and Tier-1 suppliers, including senior leadership roles at Fortune 500 companies. The team brings deep expertise in North American manufacturing, supply chain optimization, and USMCA-compliant operations, positioning the platform to meet international standards for quality, cost, and delivery.