Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 101

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 101
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(s) or individual(s) employed by the employment agency licensee; under regulation 8 of the EAR, an employment agency licensee shall
notify the Commissioner for Labor within 7 days after the cessation of operation of an employment agency and the license must be delivered
to the Commissioner for Labor; and under the regulation 9 of the EAR, an employment agency licensee shall notify the Commissioner for
Labor at least 14 days before any change of place of business of an employment agency. Any person failing to notify the Commissioner for
Labor in the above manner commits an offence and is liable on conviction to a fine at HKD10,000 (US$1,280).

The EO applies to all employment
agencies in Hong Kong except those are:

  carried on or subvented by the Government of Hong Kong;  

  carried on under the Merchant Shipping (Seafarers) Ordinance;  

  carried on by employers solely for employing persons for themselves;  

  carried on by contractors or sub-contractors who employ people on work for others;  

  non-profit making and carried on by the proprietors of publications; or non-profit making and carried on by a recognized educational institution solely for the employment of the students or gra...  

Business Registration Ordinance (Chapter 310
of the Laws of Hong Kong)

Our Group carries on business
in Hong Kong, hence we are subject to the Business Registration Ordinance which requires every person, whether a company or an individual,
who carries on a business in Hong Kong to apply for business registration certificate from the Inland Revenue Department within one month
from the date of commencement of the business, and to display the valid business registration certificate at the place of business. Any
person who fails to apply for business registration or display a valid business registration certificate at the place of business shall
be guilty of an offence, and shall be liable to a fine of HKD5,000 (US$640) and to imprisonment for one year.

Inland Revenue Ordinance (Chapter 112 of the
Laws of Hong Kong)

The Inland Revenue Ordinance
(the “ IRO”) imposes a tax on property, earnings and profits in Hong Kong. Our Group is subject to the requirements of keeping
proper business records and compiling returns to the Inland Revenue Department.

Pursuant to section 51C of
the IRO, every person carrying on a business in Hong Kong shall keep sufficient records, which includes books of account, as well as vouchers,
bank statements, invoices, receipts and