Material Event - Form 8-K

As previously disclosed, on January 10, 2024, G-Star Management Corporation (the "Sponsor") of Golden Star Acquisition Corporation (the "Company") requested that the Company extend the latest time for completion of initial business combination from February 4, 2024 up to twelve times, each by an additional one month until February 4, 2025, subject to the Sponsor depositing additional funds into the trust account (the "Trust Account") as described in the final prospectus filed the Company dated April 21, 2023 (the "Extension of Time Request"). The board of directors of the Company subsequently approved, adopted and ratified the Extension of Time Request by unanimous approval. On February 2, 2024, the Sponsor caused the first monthly extension fee of US$230,000 (equivalent to US$0.033 per public share) to be deposited into the Trust Account. On March 3, 2024, the Sponsor caused the second monthly extension fee of US$230,000 (equivalent to US$0.033 per public share) to be deposited into the Trust Account. On April 1, 2024, the Company held an extraordinary general meeting of shareholders, which approved the proposal by its board of directors to amend the monthly fee payable by the Sponsor and/or its designee into the Trust Account to extend the date by which the Company must consummate its initial business combination to an amount equal to $0.02 for each outstanding public share (the "Amended Monthly Extension Fee"). The Amended Monthly Extension Fee has become operative for each month beginning on April 4, 2024. On April 3, 2024, the Sponsor caused the third monthly extension fee of US$106,068 (equivalent to US$0.02 per public share) to be deposited into the Trust Account.

On May 3, 2024, the Sponsor caused the fourth monthly extension fee of US$106,068 (equivalent to US$0.02 per public share) to be deposited into the Trust Account.