Summary

Plaintiff VCI Global Limited ("VCI"), by and through its counsel, hereby alleges as follows its complaint against defendant Boustead Securities, LLC ("Boustead") as follows:

NATURE OF ACTION

1. This is an action to enjoin an arbitration that Boustead brought against VCI before the Financial Industry Regulatory Authority ("FINRA") captioned Boustead Securities, LLC vs. VCI Global Limited (FINRA Case No. 24-02657) ("FINRA Arbitration").

2. The claims brought by Boustead against VCI in the FINRA Arbitration are contained in its statement of claim, initially filed with FINRA on December 18, 2024, since amended twice, with the last instance coming on December 31, 2025 ("Statement of Claim").

3. VCI filed its Answer and Affirmative Defenses ("Answer") to the Statement of Claim on February 2, 2026.

4. Boustead's claims against VCI emanate from its role as an underwriter bringing VCI public through an initial public offering ("IPO"). Boustead claims are subject to an exclusive forum selection clause requiring it to bring any disputes with VCI before this Court (or New York Supreme Court, New York County), not before FINRA where it filed its claim.

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