Financial Performance - For the year ended December 31, 2023, the company reported total revenue of SGD 44,318,000, an increase of 36% compared to SGD 32,641,000 for the year ended December 31, 2022[4] - Gross profit for the year was SGD 11,424,000, representing a gross margin of approximately 25.8%, up from SGD 8,090,000 in the previous year[4] - The company achieved a profit before tax of SGD 1,735,000, significantly higher than SGD 308,000 in the prior year, indicating a growth of 462%[4] - Net profit for the year was SGD 999,000, compared to SGD 292,000 in the previous year, reflecting an increase of 242%[4] - The basic and diluted earnings per share increased to SGD 0.25 from SGD 0.07, marking a growth of 257%[4] - For the fiscal year ending December 31, 2023, total revenue reached 44.318 million, a significant increase from 32.641 million in 2022, representing a growth of approximately 36%[23] - Revenue from construction contracts was 36.088 million, up from 20.588 million in the previous year, indicating an increase of about 75%[23] - The company reported a pre-tax profit of 1.735 million for the year ending December 31, 2023, compared to 308 thousand in 2022, reflecting a substantial improvement[15] - The annual profit for the year was approximately SGD 1.0 million, compared to SGD 0.3 million in 2022[46] Assets and Liabilities - The company’s cash and cash equivalents increased to SGD 10,316,000 from SGD 5,810,000, representing a growth of 77% year-over-year[5] - Trade receivables rose to SGD 7,356,000, up from SGD 5,446,000, indicating a 35% increase[5] - The company’s total assets decreased slightly to SGD 26,737,000 from SGD 20,914,000, while total liabilities increased to SGD 18,638,000 from SGD 14,327,000[5] - The total assets as of December 31, 2023, amounted to 33.929 million, compared to 28.792 million in 2022, marking an increase of approximately 18%[20] - The company’s total liabilities increased to 19.541 million as of December 31, 2023, from 15.309 million in 2022, reflecting a growth of about 28%[20] - Trade receivables increased to approximately 7.8 million SGD in 2023 from 5.5 million SGD in 2022, with a provision for impairment of 402,000 SGD[30] - Trade payables rose to approximately 1.8 million SGD in 2023, compared to 808,000 SGD in 2022[32] - As of December 31, 2023, the current ratio was 1.5 times, unchanged from 2022, with net current assets of approximately SGD 8.1 million, up from SGD 6.6 million in 2022[47] - The debt ratio as of December 31, 2023, was approximately 20.2%, a decrease from 30.1% in 2022, primarily due to the repayment of bank loans amounting to SGD 2.1 million[47] Expenses - Direct costs increased to approximately 32.9 million SGD in 2023, up 34.0% from 24.6 million SGD in 2022, consistent with the revenue growth[41] - Employee benefits expenses, including director remuneration, totaled approximately 23.5 million SGD in 2023, up from 14.5 million SGD in 2022[27] - Administrative expenses rose to approximately 9.6 million SGD in 2023, compared to 7.1 million SGD in 2022, primarily due to increased salaries and employee benefits[44] - The total employee benefits expenditure for the year was approximately SGD 23.5 million, compared to SGD 14.5 million in 2022, with a total of 880 full-time employees as of December 31, 2023[60] Market and Operations - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[6] - The company held 11 ongoing contracts with a total uncompleted contract value of approximately 98.1 million SGD as of December 31, 2023, compared to 96.3 million SGD in 2022[38] - Major clients contributed significantly to revenue, with Client A1 generating 13.359 million in 2023, up from 5.104 million in 2022, and Client B1 contributing 8.935 million, compared to 5.145 million previously[22] - The company’s external customer revenue from tile sales was 8.230 million in 2023, a decrease from 12.053 million in 2022, representing a decline of approximately 32%[23] - The construction demand forecast for 2024 in Singapore is projected to be between SGD 32 billion and SGD 38 billion, higher than last year's forecast[72] - The company aims to maintain its C1 and B2 licenses to broaden the scope of projects it can bid for[74] - The company is actively recruiting qualified professionals to enhance management and technical expertise[71] Compliance and Governance - The company has adopted new international financial reporting standards, which did not have a significant impact on its financial performance[10] - The company anticipates that the application of new international financial reporting standards will not have a significant impact on its performance and financial position[12] - The company has adopted a code of conduct for directors' securities trading, confirming compliance for the fiscal year ending December 31, 2023[78] - The audit committee has reviewed the financial statements and found the risk management and internal control systems to be appropriate and effective[88] - The board confirms the accuracy and completeness of the information provided in the announcement, ensuring no misleading or fraudulent elements[94] Future Plans and Events - The company plans to commence mobile phone operations starting January 2024[90] - The company will hold its annual general meeting on June 20, 2024, with a registration suspension period from June 14 to June 20, 2024[89] - The annual report for the year ending December 31, 2023, will be published and made available to shareholders and on the company's website[91] - The company has entered into a sale agreement to purchase 204,800,000 shares, representing 51.20% of the total issued share capital[90] - The company had no significant acquisitions or disposals of subsidiaries or associates during the year[50] - There were no major investments held by the company as of December 31, 2023[52] - The company had no significant contingent liabilities or litigation cases as of December 31, 2023[53] Shareholder Relations - The board expresses gratitude to shareholders, business partners, and customers for their ongoing support[92] - The company did not declare or recommend any dividends for the years ended December 31, 2023, and 2022[28]

Financial Performance - The group's revenue for the nine months ended September 30, 2023, increased by approximately 33.6% to SGD 31.1 million compared to SGD 23.3 million in the same period of 2022[4] - The net profit for the nine months ended September 30, 2023, was approximately SGD 2.1 million, up from SGD 0.6 million in the same period of 2022[4] - Gross profit for the nine months ended September 30, 2023, was SGD 9.8 million, representing a gross margin increase from SGD 7.0 million in the previous year[5] - Basic and diluted earnings per share for the nine months ended September 30, 2023, were SGD 0.51, compared to SGD 0.15 in the same period of 2022[5] - The group recorded a pre-tax profit of SGD 2.2 million for the nine months ended September 30, 2023, compared to SGD 0.6 million in the previous year[5] - Other income for the nine months ended September 30, 2023, was SGD 323,000, an increase from SGD 240,000 in the same period of 2022[18] - The company reported a profit attributable to owners of SGD 2.051 million, compared to SGD 611,000 in the same period last year, resulting in a basic earnings per share of SGD 0.51[27] - Profit for the period was approximately SGD 2.1 million, compared to SGD 0.6 million for the same period in 2022[41] Revenue Breakdown - Total revenue for the nine months ended September 30, 2023, was SGD 31.065 million, an increase of 33.5% compared to SGD 23.259 million in the same period of 2022[15] - Revenue from general building projects was SGD 11.703 million, accounting for 37.7% of total revenue, down from 41.8% in the previous year[30] - Revenue from civil engineering projects increased to SGD 7.892 million, representing 25.4% of total revenue, up from 11.5% in the previous year[31] - Labor supply revenue rose significantly to SGD 5.711 million, compared to SGD 0.858 million in the same period last year[15] - Major clients contributing over 10% of total revenue included Client A with SGD 10.499 million and Client B with SGD 6.512 million, totaling SGD 17.011 million[16] Expenses and Costs - Administrative expenses increased to SGD 7.7 million for the nine months ended September 30, 2023, from SGD 6.5 million in the same period of 2022[5] - Direct costs for the same period were approximately SGD 21.2 million, reflecting a 30.9% increase from SGD 16.3 million in the previous year, primarily due to increased labor and subcontracting costs[37] - Financing costs totaled SGD 107,000, up from SGD 81,000 in the previous year, with bank loan interest at SGD 39,000 and lease liabilities at SGD 68,000[20] Equity and Shareholder Information - The group’s total equity as of September 30, 2023, was SGD 15.4 million, an increase from SGD 13.6 million as of September 30, 2022[6] - Amber Capital Holdings Limited holds 204,800,000 shares, representing 51.20% of the company's issued share capital[55] - Mr. Wu and Ms. Chan together hold 96.77% and 3.23% of Amber Capital's total issued share capital, respectively[55] - Other significant shareholders include Mr. Chan Wai Kin, who holds 39,200,000 shares, accounting for 9.80% of the issued share capital[58] - The company has maintained a public float of at least 25% of its issued shares since January 1, 2023[67] Corporate Governance - The roles of chairman and CEO are held by the same individual, Mr. Wu, to ensure unified leadership[62] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2023[68] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[24] - The company did not recommend the payment of any dividends during the reporting period[64] Business Strategy and Market Outlook - The company continues to focus on expanding its core business in reinforced concrete engineering and related contracting services[10] - The company aims to upgrade its license from C1 to B2 level to access a broader range of projects in Singapore[34] - The construction demand in Singapore is projected to be between SGD 27 billion and SGD 32 billion for 2023, supported by strong public sector projects[34] - As of September 30, 2023, the company held six ongoing contracts with a total uncompleted contract value of approximately SGD 80.0 million[31] Employment and Workforce - The company employed a total of 869 full-time employees, with approximately 14% being Singapore citizens and residents[52] Financial Reporting - The financial statements are prepared in accordance with International Financial Reporting Standards and have not been audited[11] - The company did not purchase, redeem, or sell any of its listed securities during the reporting period[61] - The company has adopted a share option scheme but has not granted any options since its adoption[66]

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： ） 截至二零二三年九月三十日止九個月的 第三季度業績公告 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（「本公司 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was approximately SGD 17.9 million, an increase of about 52.3% compared to SGD 11.8 million for the same period in 2022[9] - Gross profit for the same period was approximately SGD 5.6 million, representing an increase of about 115.38% from SGD 2.6 million in 2022[9] - Net profit for the six months ended June 30, 2023, was approximately SGD 0.5 million, a decrease of about 50% compared to SGD 1.0 million in 2022[9] - Basic and diluted earnings per share for the period were approximately 0.12 Singapore cents, down 50% from 0.24 Singapore cents in the previous year[9] - The company’s profit for the period was 486 thousand SGD, down from 962 thousand SGD in the previous period, indicating a decline of 49.5%[17] - The company's profit before tax for the six months ended June 30, 2023, was 486,000 SGD, a decrease of 49.5% compared to 962,000 SGD for the same period in 2022[36] Assets and Liabilities - Total assets less current liabilities as of June 30, 2023, amounted to approximately SGD 14.76 million, compared to SGD 14.47 million as of December 31, 2022[11] - Cash and cash equivalents as of June 30, 2023, were approximately SGD 6.99 million, an increase from SGD 5.81 million as of December 31, 2022[11] - Trade receivables decreased to SGD 2.28 million as of June 30, 2023, from SGD 5.45 million as of December 31, 2022[11] - Trade payables increased to 874,000 SGD as of June 30, 2023, from 808,000 SGD as of December 31, 2022, an increase of 8.2%[44] - As of June 30, 2023, the company's current ratio was 1.5, with net current assets of approximately SGD 7.2 million, including cash and cash equivalents of about SGD 7.0 million[65] Revenue Sources - Major customer A contributed 6,245 thousand SGD to revenue, up from 2,234 thousand SGD in the previous year, marking an increase of 179.5%[25] - The company recorded revenue from general building projects of approximately 6.6 million SGD for the six months ended June 30, 2023, which accounted for about 37% of total revenue, down from 55% in the same period of 2022[51] - For the six months ended June 30, 2023, the company recorded civil engineering project revenue of approximately SGD 4.6 million, representing 25% of total revenue, compared to 10% for the same period in 2022[52] - The company recognized revenue of 11,168 thousand SGD over time, compared to 7,977 thousand SGD in the previous year, which is a growth of 39.5%[28] Expenses - Direct costs for the same period increased to approximately SGD 12.3 million, a 40% rise from SGD 9.2 million in 2022, consistent with revenue growth[59] - Total employee benefits expenses, including directors' remuneration, increased to 10,356,000 SGD in 2023 from 6,094,000 SGD in 2022, representing a rise of 70.5%[36] - Administrative expenses increased to approximately SGD 5.2 million for the six months ended June 30, 2023, compared to SGD 2.7 million in 2022, aligning with revenue growth[63] Cash Flow - For the six months ended June 30, 2023, the company reported a net cash inflow from operating activities of 2,102 thousand SGD, compared to a cash outflow of 185 thousand SGD in the same period of 2022, representing a significant improvement[17] - Cash and cash equivalents at the end of the period increased to 6,992 thousand SGD from 3,924 thousand SGD, reflecting a growth of 78.5%[17] Corporate Governance - The board of directors did not recommend the payment of any dividend for the six months ended June 30, 2023[9] - The company did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[34] - The roles of chairman and CEO are held by the same individual, which the board believes ensures unified leadership[91] - The company has complied with the corporate governance code, with the exception of the separation of the roles of chairman and CEO[91] - There are no known competing interests from major shareholders or directors that conflict with the company's business[88] Future Plans and Developments - The company plans to upgrade its license from C1 to B2 level to bid for a wider range of projects in Singapore[57] - The group is in the process of upgrading its license from C1 to B2 level to expand its business in the public sector[84] - The group has identified suitable properties for establishing dormitories and cutting and forming factories, and has entered into a sale agreement with the seller[84] - The group has hired a quantity surveyor and is actively recruiting skilled employees to strengthen its team[84] Miscellaneous - The company has not disclosed any new product developments or market expansion strategies in the current report[9] - The company reported a foreign exchange loss of SGD 150,000 for the period, compared to a loss of SGD 33,000 in the previous year[10] - The company recorded a profit of approximately SGD 0.5 million for the six months ended June 30, 2023, down from SGD 1.0 million in the same period of 2022[64] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ended June 30, 2023[97] - The company has adopted a share option scheme but has not granted any options since its adoption[95] - The company did not purchase, redeem, or sell any of its listed securities during the reporting period[90] - The group has no other significant investment and capital asset plans beyond those disclosed in the prospectus dated October 31, 2017[77]

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： ） 截至二零二三年六月三十日止六個月的 中期業績公告 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。 ...

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 ...