Global Star Acquisition, Inc. announced that the Company accepted the resignation of former Director Kan Mun Wai Benny on November 15, 2022.  On November 15, 2022, the Company appointed Argon Lam Chun Win as a new independent member of its Board of Directors. With the acceptance of this resignation and appointment of the new director, the Company's Board will remain at eight (8) seats. Mr. Lam brings a wealth of leadership and upper management experience in the financial services sector which will serve the Company and its shareholders well.

Mr. Lam currently serves as a Vice President of a leading fund management company granted the Type 4 and Type 9 license by the Hong Kong Securities and Futures Commission for holding customer assets and providing investment consultancy services. Mr. Lam brings a deep understanding of investment performance and has served as a Vice President of two additional leading fund management companies from 2016 to the present.  He brings vast experience and a developed insight to serving the needs of customers seeking excellent investment performance. His expertise will serve the Company and its shareholders well.