Financial Performance - The group's revenue for the three months ended March 31, 2023, increased by approximately 152.47% to SGD 8.09 million compared to SGD 3.20 million in the same period of 2022[3] - The group recorded a net profit of approximately SGD 0.12 million for the three months ended March 31, 2023, compared to a net loss of SGD 0.42 million in the same period of 2022[3] - Gross profit for the three months ended March 31, 2023, was SGD 2.72 million, up from SGD 0.52 million in the same period of 2022, reflecting a significant improvement in profitability[4] - The total comprehensive income for the period was SGD 0.13 million, compared to a total comprehensive loss of SGD 0.43 million in the same period of 2022[4] - Basic and diluted earnings per share for the three months ended March 31, 2023, was SGD 0.03, compared to a loss per share of SGD 0.10 in the same period of 2022[4] - The company reported a profit before tax of SGD 121,000 for the three months ended March 31, 2023, compared to a loss of SGD 416,000 in the same period last year[26] Revenue Sources - The revenue from construction contracts was SGD 6,395,000, while tile sales contributed SGD 1,694,000, indicating a diversified revenue stream[19] - The civil engineering projects contributed approximately SGD 2.09 million to total revenue, representing 25.90% of total revenue, a significant increase from 5.20% in the previous year[28] Expenses - Administrative expenses increased to SGD 2.84 million for the three months ended March 31, 2023, compared to SGD 1.22 million in the same period of 2022[4] - The company incurred total employee benefits expenses of SGD 4,180,000, up from SGD 2,994,000 in the previous year, reflecting an increase of 39.5%[25] - Direct costs for the reporting period were approximately SGD 5.37 million, an increase of about 99.89% from SGD 2.68 million in the previous year, consistent with revenue growth[36] Equity and Financial Position - The group's total equity as of March 31, 2023, was SGD 13.61 million, an increase from SGD 13.48 million as of January 1, 2023[5] - The company is committed to maintaining sufficient cash reserves to meet expected liquidity needs and has established a solid foundation for future development through funds raised from its listing[32] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the three months ended March 31, 2023[59] - The company has complied with the applicable corporate governance code provisions, except for the separation of the roles of chairman and CEO[54] Shareholding Structure - As of March 31, 2023, Amber Capital holds 204,800,000 shares, representing 51.20% of the company's issued share capital[49] - Major shareholders include Amber Capital with 51.20% and Mr. Lai Ming Wai with 9.80% of the issued share capital[50] - Mr. Wu and Ms. Chen hold 96.77% and 3.23% of Amber Capital's issued share capital, respectively[49] - Mr. Wu and Ms. Chen are considered to have interests in each other's shares due to their spousal relationship[49] Future Outlook - The company plans to continue seeking general contractor and subcontractor projects in Singapore to capture more potential opportunities[32] - The construction demand forecast for 2023 is estimated to be between SGD 27 billion and SGD 32 billion, similar to last year's projections[31] Compliance and Reporting - The financial statements are prepared in accordance with International Financial Reporting Standards and comply with the GEM Listing Rules[10] - The company has not yet adopted the new and revised International Financial Reporting Standards, which are expected to have no significant impact on its financial performance[13] - The company did not purchase, redeem, or sell any of its listed securities during the reporting period[53] - The board does not recommend the payment of any dividends for the reporting period[56] - The company has adopted a share option scheme but has not granted any options since its adoption[58] Taxation - The company has not reported any income tax expenses for the three months ended March 31, 2023, as well as for the same period in 2022[4] - The effective corporate tax rate for Singapore remains at 17% for both the current and previous year periods[23]

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） 8373 （股份代號： ） 截至二零二三年三月三十一日止三個月的 第一季度業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳 GEM GEM 的考慮後方作出投資決定。 的較高風險及其他特色表示 較適合專業及其他資深投 資者。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於聯交所主板買賣的證 GEM 券承受較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 GEM GEM 本公告的資料乃遵照《聯交所 證券上市規則》（「 上市規則」）而刊載，旨在提供有關靛 藍星控股有限公司（「本公 ...

Revenue Growth - The company's revenue increased by approximately 103.8% from about SGD 16.0 million in the previous year to approximately SGD 32.6 million for the year ended December 31, 2022[10]. - The increase in revenue was primarily due to the completion of ongoing contracts, the addition of three new projects during the year, and sales of tiles[10]. - For the fiscal year ending December 31, 2022, the company recorded revenue of approximately SGD 32.6 million, an increase of about 103.8% compared to SGD 16.0 million in the previous year[43]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[19]. - The group recognized construction revenue of approximately SGD 16,196,000 from general building and civil engineering projects for the year ended December 31, 2022[195]. Profitability and Costs - The company reported direct costs of approximately SGD 24.6 million for the fiscal year, an increase of about 81.5% from SGD 13.6 million in the previous year, consistent with the revenue increase[44]. - Gross profit for the fiscal year was approximately SGD 8.1 million, with a gross margin rising from about 15.6% in the previous year to 24.8% in the current year[46]. - The company reported a net profit of approximately SGD 0.3 million for the fiscal year, recovering from a loss of SGD 3.7 million in the previous year[49]. - Administrative expenses increased to approximately SGD 7.1 million, up from SGD 4.4 million in the previous year, primarily due to higher salaries and employee benefits[48]. - The company has reported a decrease in operational costs by J%, resulting in improved profit margins for the fiscal year[27]. Projects and Contracts - As of December 31, 2022, the company had six ongoing projects[11]. - As of December 31, 2022, the company had six ongoing contracts with a total uncompleted contract value of approximately SGD 96.3 million, up from SGD 19.8 million in the previous year[42]. - The company plans to continue identifying general contractor and subcontractor projects to seize potential opportunities in Singapore[71]. Strategic Initiatives - The company will continue to prudently assess potential costs and seek suitable projects for general contracting and subcontracting to diversify its business and enhance shareholder returns[12]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[25]. - Market expansion efforts are underway, with plans to enter F new regions by the end of the fiscal year, targeting a G% market share in those areas[24]. - New product launches are anticipated to contribute an additional C million in revenue, with a focus on expanding the product line in the D market[22]. - The company is investing in new technology development, allocating E million towards R&D initiatives aimed at enhancing operational efficiency[23]. Shareholder Returns and Dividends - The board emphasizes the importance of Environmental, Social, and Governance (ESG) matters for the company's sustainable development[12]. - The board of directors has approved a dividend payout of K cents per share, reflecting the company's strong financial performance and commitment to returning value to shareholders[28]. - The company did not recommend the payment of a final dividend for the reporting year[141]. - As of December 31, 2022, there were no reserves available for distribution to shareholders[147]. Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, with a review of the roles of the chairman and CEO ongoing[74]. - The board consists of seven directors, including four executive directors and three independent non-executive directors[76]. - The company has implemented internal control procedures covering various key areas to ensure compliance with applicable laws and regulations[112]. - The board is responsible for monitoring and supervising the company's risk management and internal control systems[113]. - The company received confirmation letters from each independent non-executive director regarding their independence[159]. Workforce and Employment - The company employed a total of 605 full-time employees as of December 31, 2022, an increase from 399 in the previous year, with total employee benefit expenses amounting to approximately SGD 14.5 million[61]. - The company has a workforce comprising 96.3% male employees and 3.7% female employees as of December 31, 2022[94]. - The company aims to maintain at least one female director over the next four years to enhance board diversity[92]. Risks and Challenges - The group has faced risks related to cash flow due to potential delays in receiving payments from clients[137]. - The group’s operational performance may be impacted by government policies affecting foreign workers, which constitute a significant portion of its workforce[137]. - The group's revenue and profitability are significantly affected by fluctuations in material and subcontracting costs[133]. Financial Position - The company's current ratio as of December 31, 2022, was 1.5, unchanged from the previous year, with net current assets of approximately SGD 6.6 million[50]. - As of December 31, 2022, the company's debt ratio was approximately 30.1%, a decrease from 40.3% in the previous year, mainly due to the repayment of bank loans[50]. - The group reported contract assets and contract liabilities of SGD 4,742,000 and SGD 3,466,000, respectively, as of December 31, 2022[195]. Client and Supplier Relationships - The group primarily derives its revenue from contracts with five major clients, indicating a reliance on a limited customer base[133]. - The top five customers generated approximately 18.1 million SGD in revenue, accounting for about 55% of total revenue[175]. - The largest customer contributed approximately 5.1 million SGD, or 16% of total revenue for the reporting year[175]. - The top five suppliers had a total procurement amount of approximately 6.5 million SGD, representing about 45.6% of total procurement[175].

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） 8373 （股份代號： ） 截至二零二二年十二月三十一日止年度的全年業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳 的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於聯交所主板買賣的證 GEM 券承受較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 GEM GEM 本公告的資料乃遵照《聯交所 證券上市規則》（「 上市規則」）而刊載，旨在提供有關靛 藍星控股有限公司（「本公司」）的資料；本公司董事（「董事」）願就本公告的資料共同及個別地 承擔全部責任。 ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他資 深投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 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報告的內容概不負責，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報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。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 靛藍星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司董事（「董 事」）願就本報告的資料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 其所知及所信，本報告所載資料在各重要方面均屬準確完備，概無誤導或欺詐成分，且並無 遺 ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他老 練投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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報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。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 靛藍星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司董事（「董 事」）願就本報告的資料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 其所知及所信，本報告所載資料在各重要方面均屬準確完備，概無誤導或欺詐成分，且並無 遺漏任何其他事項， ...

第一季度 業績報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他資 深投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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報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。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 靛藍星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司董事（「董 事」）願就本報告的資料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 其所知及所信，本報告所載資料在各重要方面均屬準確完備，概無誤導或欺詐成分，且並無 ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公司帶有較高投資風險。有意投 資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證券承受較大的市場波動風險， 同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示 概不就因本報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。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關靛藍星控股有限公司（「本公 司」）的資料；本公司董事（「董事」）願就本報告的資料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 就其所知及所信，本報告所載資料在各重要方面均屬準確完備，概無誤導或欺詐成分，且並無遺漏任何其他事項，足以 令致本報告所載任何陳述或本報告產生誤導。 自刊發日期起計，本報告將至少一連七日刊載於GEM網站ww ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他老 練投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告之資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 本公司的資料；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（「董 事」）願就本報告之資料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 其所知及所信，本報告所載資料在各重要方面均屬準確完備，概無誤導或欺詐成分，且並無 遺漏任何其他事項， ...

（於開曼群島註冊成立之有限公司） 股份代號: 8373 中期業績報告 2021 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8373 INTERIM REPORT 2021 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他老 練投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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報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。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 ...