Indigo Star Holdings Limited announced Mr. Goh Cheng Seng has retired as the chairman of the Board with effect from 28 May 2024. Mr. Goh will continue to be an executive Director and Chief Executive Officer of the Company after the change. Mr. Goh has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in connection with his retirement as the Chairman.

Mr. Chan Ming, an executive Director, has been appointed as the Chairman with effect from 28 May 2024. Mr. Chan, aged 62, has worked for the Customs and Excise Department of Hong Kong SAR Government (CED) for over 33 years (1983-2017) and possessed high quality professional and managerial skills (including but not limited to general cargoes examination, passengers processing at entry points, anti-smuggling, combats intellectual property right infringements and investigations). During his service with the CED, Mr. Chan received several individual awards which praised his working attitude and professional achievements, and gave recognition to his outstanding performance and contribution to Hong Kong.

Mr. Chan has also served as the committee member, vice-chairman, chairman (1993-2017) and honorable consultant (2017- 2024) of the H.K. Customs Officers ­ Union. In addition, Mr. Chan was the director and vice general manager of China Global Financial Technology Limited (the principal activities of which include the provision of cross-boundary settlement and remittance services) from 2018 to 2021 and was responsible for the development of the financial technology business. Mr. Chan has no relevant experience in the principal business of the Group, being the provision of reinforced concrete works including steel reinforcement works, formwork erection, concrete works, trading in ceramic tiles and as contractors for building related to ceramic tiles in Singapore.

Mr. Chan has entered into service agreement with the Company as an executive Director for a term of three years commencing from 10 May 2024 and shall continue thereafter until terminated by not less than one month's prior notice in writing served by either party on the other. Mr. Chan will hold office until the upcoming general meeting of the Company and be eligible for re- election at that meeting pursuant to the memorandum and articles of association of the Company.