Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 68

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 68
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14,412,500 Class A Ordinary Shares each
with a par value of US$0.000625 with one (1) vote per share but with all rights and restrictions remaining identical to the Ordinary Shares
(the “ Class A Ordinary Shares”) on a one-for-one basis and 3,600,000 Class B Ordinary Shares each with a par value of US$0.000625
with fifty (50) votes per share but with all rights and restrictions remaining identical to the Ordinary Shares (the “ Class B Ordinary
Shares”) on a one-for-one basis, (b) the remaining authorized but unissued Ordinary Shares be and are re-designated into (i) an
unlimited number of Class A Ordinary Shares and (ii) an unlimited number of Class B Ordinary Shares on a one-for-one basis and (c) such
that the Company will be authorized to issue an unlimited number of shares each with a par value of US$0.000625 divided into (i) an unlimited
number of Class A Ordinary Shares and (ii) an unlimited number of Class B Ordinary Shares (the “ Redesignation”);

2. Concurrently with the
Re-designation, the Company and the Majority Shareholders approved certain amendments to the Company’s then effective memorandum
and articles of association, including (a) amending Clause 6.2 of the memorandum of association of the Company to reflect the changes
set forth in the Redesignation, and (b) adopting a set of amended and restated memorandum and articles of association of the Company (the
“ Amended and Restated M& A”) in substitution for the Company’s then effective memorandum and articles of association
to reflect the Redesignation and set out the rights and privileges of Class A Ordinary Shares and Class B Ordinary Shares;

The Redesignation and the
Amended and Restated M& A took effect on March 19, 2025, when the necessary filings were completed with the Registry of Corporate Affairs
of the British Virgin Islands.

  Business Overview  

Overview

We are a holding company
incorporated in the British Virgin Islands with most of our operations conducted by the Operating Entities in Hong Kong, Taiwan, Macau
and the PRC.

We are a payroll outsourcing
service and employment service provider based in Hong Kong, providing services to our customers which are mainly categorized as (i) channels
which are global human resources service providers engaged by companies/organizations to handle payroll and/or employment-related matters
for their branch offices