香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號： 8373） 內幕消息 (1) 有關復牌進展之季度更新；及 (2) 繼續暫停買賣 本公告乃由靛藍星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港聯合 交易所有限公司（「聯交所」）GEM 證券上市規則（「GEM 上市規則」）第 17.10 條及香港法例 第 571 章《證券及期貨條例》第 XIVA 部項下之內幕消息條文（定義見 GEM 上市規則）作出。 茲提述本公司日期為二零二五年三月三十一日、二零二五年四月十四日、二零二五年四月二十 九日、二零二五年五月三十日、二零二五年六月三十日、二零二五年七月三十一日、二零二五 年九月三十日、二零二五年十一月十七日、二零二五年十二月十二日、二零二五年十二月二十 九日、二零二五年十二月三十一日、二零二六年一月十五日及二零二六年一月 ...

Financial Performance - Revenue for the year ended December 31, 2025, was S$81,731,000, a decrease of 5.5% from S$86,431,000 in 2024[8] - Gross profit increased to S$15,057,000, up 3.2% from S$14,596,000 in the previous year[8] - Profit before tax decreased to S$2,496,000, down 31.8% from S$3,663,000 in 2024[8] - Profit for the year attributable to owners of the Company was S$1,944,000, a decline of 38.7% compared to S$3,168,000 in 2024[8] - Total comprehensive income for the year attributable to owners of the Company was S$1,954,000, down from S$3,135,000 in 2024[8] - Revenue from external customers for 2025 was S$81,731,000, a decrease of 5.8% from S$86,431,000 in 2024[51] - Segment results for 2025 reached S$5,761,000, compared to S$2,954,000 in 2024, indicating a significant increase[52] - Profit before tax for 2025 was S$3,663,000, up from S$2,496,000 in 2024, reflecting a growth of 46.7%[52] - Revenue from construction contracts in 2025 was S$48,700,000, compared to S$46,096,000 in 2024, showing an increase of 3.5%[63] - Sales of mobile phones and accessories in 2025 were S$22,348,000, down from S$28,922,000 in 2024, a decline of 22.7%[63] - Other income for 2025 totals S$924,000, an increase from S$663,000 in 2024, representing a growth of 39%[78] - Dividend income increased to S$30,000 in 2025 from S$21,000 in 2024, a rise of 43%[78] - Fair value gain on financial assets at FVTPL rose to S$380,000 in 2025 from S$71,000 in 2024, marking a significant increase of 436%[78] - Interest income decreased slightly to S$106,000 in 2025 from S$118,000 in 2024, a decline of 10%[78] - The income tax expense for 2025 is S$552,000, compared to S$495,000 in 2024, indicating an increase of 12%[84] - Profit for the year attributable to owners of the Company was approximately S$1,944,000 in 2025, down from S$3,168,000 in 2024, representing a decrease of 38.7%[89][91] Assets and Liabilities - Current assets increased to S$37,964,000 from S$34,483,000 in 2024, reflecting a growth of 7.2%[10] - Net assets rose to S$19,477,000, an increase of 11.1% from S$17,523,000 in 2024[10] - Cash and cash equivalents decreased to S$11,740,000 from S$13,211,000, a decline of 11.1%[10] - Trade receivables increased to S$6,240,000 from S$6,000,000, reflecting a growth of 4.0%[10] - Total assets as of December 31, 2025, were S$45,790,000, an increase from S$41,163,000 in 2024[53] - Total liabilities as of December 31, 2025, were S$26,313,000, up from S$23,640,000 in 2024[54] - As of December 31, 2025, the total transaction price allocated to unsatisfied performance obligations is approximately S$164,117,000, up from S$82,147,000 in 2024, indicating significant future revenue recognition from construction projects[64] - Revenue expected to be recognized within one year is S$131,880,000 for 2025, compared to S$44,367,000 for 2024, reflecting a growth of 197%[66] - Revenue expected to be recognized after one year is S$32,237,000 for 2025, down from S$37,780,000 in 2024, showing a decrease of 14%[66] - Total employee benefit expenses decreased to S$23,257,000 in 2025 from S$32,474,000 in 2024, a reduction of 28.3%[87] - Trade receivables increased to S$6,984,000 in 2025 from S$6,389,000 in 2024, reflecting a growth of 9.3%[92][93] - Trade payables rose significantly to S$5,067,000 in 2025 compared to S$721,000 in 2024, an increase of 605.4%[97] - The gross amount of trade receivables net of allowance for credit losses was S$6,240,000 in 2025, up from S$6,000,000 in 2024[92] - The current ratio of the Group was 1.52 times as of December 31, 2025, unchanged from 2024[187][194] - As of December 31, 2025, the Group had net current assets of approximately S$13.1 million, an increase from S$11.8 million in 2024[195] - Cash and cash equivalents as of December 31, 2025, were approximately S$11.7 million, down from S$13.2 million in 2024[195] - The gearing ratio was approximately 14.4% as of December 31, 2025, a decrease from 16.9% in 2024, attributed to reduced borrowings and growth in total equity[195] Consolidation and Control Issues - The Company disclosed that it was unable to prepare complete financial information of the CS Group due to difficulties in obtaining the CS Books and Records, leading to the determination that it no longer had control over the CS Group[25] - The CS Group's financial position and results from January 1, 2024, onwards will be excluded from the Group's consolidated financial statements[25] - The CS Group was dissolved on July 4, 2023, due to non-payment of the annual license fee, and management had no intention to reactivate it[26] - Management of the CS Group began providing the CS Books and Records to the Company on December 12, 2025, allowing for a review of the relevant financial and operational information[27] - The Group's consolidated financial statements include assets, liabilities, results, and cash flows of the CS Group based on available records, despite challenges in obtaining complete information[37] - Management has consolidated all available CS Books and Records, but the accuracy of these records remains uncertain[36] - The Company reported that it was unable to obtain sufficient appropriate audit evidence regarding the CS Group's balances and transactions due to limited accounting records[109] - The Company has investments in subsidiaries of the CS Group amounting to S$68,000 as of December 31, 2025, with no change from the previous year[119] - The CS Group was previously consolidated in the financial statements, but the Company has determined it no longer has control over the CS Group due to the inability to obtain necessary records[108] - The management of the CS Group began providing the necessary books and records to the Company on December 12, 2025, allowing for a review of financial and operational information[107] - The audit report for the year ended December 31, 2024, was also qualified for similar issues related to the CS Group[120] - Due to scope limitations, the Company was unable to assess the recoverability of certain balances and the need for impairment provisions[119] - The independent auditor issued a qualified opinion on the consolidated financial statements for the year ended December 31, 2025, primarily due to unresolved issues related to documentation and record-keeping of certain balances in Clever Supremacy Limited[124][125]. - The qualified opinion was attributed to the inability to obtain sufficient audit evidence regarding the nature and recoverability of certain prepayments, deposits, and other receivables of the CS Group[126][129]. Management and Governance - The Company acknowledges its responsibility to prepare consolidated financial statements that give a true and fair view in accordance with IFRS[29] - The directors faced difficulties in obtaining access to information and documentation of the CS Group, impacting the completeness and accuracy of the financial statements[32] - The Audit Committee has discussed remedial actions with management to address the auditor's concerns and will monitor the implementation of these measures closely[131]. - The Board has initiated measures to enhance the accounting system and internal controls, including upgrading accounting procedures and strengthening documentation requirements for receivables and payables[132][136]. - The Company has commenced procedures to apply for the restoration of Clever Supremacy, which is a condition for the completion of its disposal[137]. - An agreement was entered into on February 12, 2026, for the sale of the entire issued share capital of Clever Supremacy to an independent third party, contingent upon successful restoration[138][139]. - The disposal is seen as a reasonable commercial decision to streamline the Group's structure and mitigate risks associated with historical accounting issues[139]. - The Board expects that the implementation of strengthened internal controls will address the basis for the qualified opinion in future financial reporting periods[141]. - The disposal does not constitute a discloseable transaction under the GEM Listing Rules based on applicable percentage ratios[140]. Business Strategy and Operations - The Company continues to focus on reinforced concrete works and trading of mobile phones and accessories as part of its core business strategy[14] - The reportable segments of the Group include construction contracts, sales of tiles, and sales of mobile phones and accessories[49] - The company formally commenced its mobile phone distribution operations in Hong Kong in January 2024 as part of its diversification strategy[154] - The mobile phone distribution segment operates strictly as a pure distributor, focusing on sourcing products from suppliers and distributing them through established wholesale channels without engaging in retail or manufacturing[155][161] - The company aims to create value for customers by providing stable supply channels and efficient order fulfillment, enhancing product availability and reducing procurement uncertainty[156] - The decision to enter the mobile phone distribution sector was based on the assessment of market conditions in Hong Kong, observing stabilisation in consumer purchasing cycles post-pandemic[162] - The company has implemented a prudent operating strategy, closely monitoring inventory levels to mitigate product obsolescence risk and granting credit terms based on internal assessments[163] - As of December 31, 2025, the company had 22 ongoing contracts with an aggregate outstanding contract value of approximately S$164.1 million, compared to 4 contracts valued at S$82.1 million in 2024, indicating a significant increase in contract activity[146][150]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，亦不就其準 確性或完整性作出任何陳述，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 8373) 2 於二零二六年三月十八日舉行的股東週年大會 投票表決結果 茲提述靛藍星控股有限公司（「本公司」）寄發予本公司股東（「股東」）日期均為二零二六年二 月二十四日的通函（「通函」）及股東週年大會通告（「股東週年大會通告」）。除文義另有所指 外，本公告所用詞彙與通函及股東週年大會通告所界定者具有相同涵義。 於二零二六年三月十八日舉行之本公司股東週年大會（「股東週年大會」）當日，本公司已發行 普通股（「股份」）總數為 40,000,000 股，即賦予持有人權利出席股東週年大會並於會上就所有 建議之決議案（「建議決議案」）投贊成或反對票之股份總數。 概無股份賦予持有人根據 GEM 上市規則第 17.47A 條規定出席股東週年大會並須就任何建議 決議案放棄投贊成票。概無股東須 ...

承董事會命 INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8373） 董事會會議通告 靛藍星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹此 宣佈，本公司將於二零二六年三月二十三日（星期一）舉行董事會會議，以處理以下事項： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，亦不就其準 確性或完整性作出任何陳述，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 靛藍星控股有限公司 主席兼執行董事 陳明 香港，二零二六年三月十一日 於本公告日期，本公司主席兼執行董事為陳明先生，本公司執行董事為吳進順先生及陳素寬女 士；及本公司獨立非執行董事為 Dato' Koh Yee Keng 、禤孝廉先生及林銳康先生。 本公告乃遵照《香港聯合交易所有限公司 GEM 證券上市規則》而刊載，旨在提供有關本公司 的 資料；本公司董事願就本公告共同及個別地承擔全部責任。各董事在作出一切合理查詢後， 確 認就其所深知及確信， (i) 本公告所載資料在各重要 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 靛藍星控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08373 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000 | HKD | | 0.1 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 100,000,000 | HKD | | 0.1 | HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD ...

INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） • 2025 Interim Report (If you have previously requested to receive Corporate Communication(s)(Note 2) in printed form, the printed copy (or copies) is/are enclosed.) You may at any time send your request in writing to the Company (c/o its Hong Kong Share Registrar, Union Registrars Limited ("Hong Kong Share Registrar") at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, N ...

INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8373) NOTIFICATION LETTER 通 知 信 函 Dear Shareholder(s), The following document(s) of Indigo Star Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.indigostar.sg and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • 2025 Interim Report (If you have previousl ...

Financial Performance - Indigo Star Holdings Limited reported a revenue increase of 15% year-over-year, reaching HKD 150 million for the interim period[10]. - The company achieved a net profit of HKD 30 million, representing a 20% increase compared to the same period last year[10]. - Revenue for the six months ended June 30, 2025, was S$38,048,000, a decrease of 1.65% compared to S$38,683,000 in 2024[19]. - Gross profit increased to S$8,238,000, up 0.67% from S$8,183,000 in the previous year[19]. - Profit before tax for the period was S$2,616,000, down 6.84% from S$2,808,000 in 2024[19]. - Profit attributable to owners of the Company was S$2,169,000, a decrease of 6.23% compared to S$2,313,000 in 2024[20]. - Total comprehensive income for the period was S$2,142,000, down 8.25% from S$2,335,000 in 2024[20]. - For the six months ended June 30, 2025, the company reported a profit of S$2,138,000, a decrease from S$2,313,000 in the same period of 2024, representing a decline of approximately 7.5%[23]. - Total comprehensive income for the year as of June 30, 2025, was S$2,111,000, compared to S$2,335,000 for the same period in 2024, indicating a decrease of about 9.6%[23]. User Growth and Market Expansion - User data showed a growth in active users by 25%, totaling 500,000 users as of the end of the reporting period[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2026[10]. - The company has established strategic partnerships with local firms to facilitate its market expansion efforts[10]. - Indigo Star is investing HKD 20 million in R&D for new product development, focusing on innovative technology solutions[10]. - The company is exploring potential acquisition opportunities to enhance its product offerings and market reach[10]. Expenses and Financial Position - Operating expenses increased by 5%, primarily due to higher marketing costs associated with the expansion strategy[10]. - Current assets decreased slightly to S$33,966,000 from S$34,483,000 as of December 31, 2024[21]. - Trade receivables significantly decreased to S$2,878,000 from S$6,000,000 in the previous year[21]. - Net assets increased to S$19,665,000 from S$17,523,000 as of December 31, 2024[22]. - Basic and diluted earnings per share were 5.35 cents, down from 5.78 cents in 2024[20]. - The company experienced a net decrease in cash and cash equivalents of S$854,000 for the six months ended June 30, 2025, compared to a decrease of S$1,497,000 in the same period of 2024[24]. - The company's retained earnings increased to S$7,828,000 as of June 30, 2025, up from S$4,835,000 as of June 30, 2024, marking a growth of approximately 62.0%[23]. - The company’s total equity as of June 30, 2025, was S$19,665,000, compared to S$16,723,000 as of June 30, 2024, indicating an increase of about 17.6%[23]. Revenue Breakdown - Revenue from general building projects increased to $5,360,000, up 11.5% from $4,806,000 in 2024[49]. - Revenue from civil engineering projects decreased to $8,383,000, down 2.3% from $8,577,000 in 2024[49]. - Revenue from trading of mobile phones and accessories was $11,083,000, a 7.1% decrease from $10,346,000 in 2024[49]. - Other income for the six months ended June 30, 2025, totaled $507,000, down 38.5% from $824,000 in 2024[51]. Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2025, was S$274,000, an improvement from S$383,000 in 2024, reflecting a reduction of approximately 28.5%[24]. - The company reported net cash used in financing activities of S$490,000 for the six months ended June 30, 2025, a decrease from S$932,000 in 2024, reflecting a reduction of approximately 47.5%[24]. - The Group's liquidity policy includes maintaining sufficient cash reserves and committed lines of funding to meet both short- and long-term liquidity requirements[143]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code and relevant GEM Listing Rules during the first half of 2025[195][196]. - The Directors are not aware of any competing interests from controlling shareholders or directors during the first half of 2025[199]. - The Company has adopted a code of conduct for directors' securities transactions, confirming compliance by all directors for the first half of 2025[197]. Market Outlook - The construction demand in Singapore is projected to remain robust, supported by public sector projects, including public housing and major infrastructure works[168]. - Singapore's GDP growth forecast for 2025 is expected to be stable, with a focus on domestic-oriented sectors despite external demand moderation[167]. - The Group's mobile phones and accessories segment in Hong Kong is expected to operate in a cautiously improving macroeconomic environment, with a GDP growth forecast of 2% to 3% for 2025[174]. - Private consumption in Hong Kong remains subdued, reflecting cautious consumer sentiment amid high interest rates and global economic uncertainties[175]. - The Directors remain cautiously optimistic about the Group's prospects in Singapore, focusing on selective project tendering and cost management[170][172].

INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8373) The following document(s) of Indigo Star Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.indigostar.sg and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • Environmental, Social and Governance Report 2024 ("ESG Report 2024") (Note 3) (If you have ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8373) NOTIFICATION LETTER 通 知 信 函 Dear Shareholder(s), 24 February 2026 The following document(s) of Indigo Star Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.indigostar.sg and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- If you have not provided us with a valid email address but now wou ...