Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 59

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 59
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 Hong Kong. As part of the Reorganization, Galaxy Payroll
(HK) becomes an indirect wholly-owned subsidiary of our Company. Please refer to “ Reorganization” below in this section for
further details.

Galaxy Payroll (TW)

Galaxy Payroll (TW) was incorporated
in Hong Kong on December 31, 2018 as a private company limited by shares. Upon its incorporation, Galaxy Payroll (TW) allotted and issued
10,000 Ordinary Shares, all of which were credited as fully paid and were held by Galaxy (Seychelles).

Galaxy Payroll (TW) is an
investment holding company and currently does not engage in any business activity. As part of the Reorganization, Galaxy Payroll (TW)
becomes an indirect wholly-owned subsidiary of our Company. Please refer to “ Reorganization” below in this section for further
details.

Galaxy Solutions Partner

Galaxy Solutions Partner
was incorporated in Hong Kong on February 5, 2013 as a private company limited by shares. Upon its incorporation, Galaxy Solutions Partner
allotted and issued 10,000 Ordinary Shares, all of which were credited as fully paid and were held by the Former Shareholder. On April
5, 2013, the Former Shareholder transferred the 10,000 shares in Galaxy Solutions Partner to Galaxy (Seychelles), the former holding company
of our Group, at a consideration of HKD10,000 (US$1,288). The consideration was determined with reference to the nominal value of the
shares. Upon completion of the said transfer, the entire issued share capital of Galaxy Payroll (HK) was owned by Galaxy (Seychelles).

Galaxy Solutions Partner
principally engages in the provision of employment services in Hong Kong through acting as employers of record of the seconded employees
of our end-users. As part of the Reorganization, Galaxy Solutions Partner becomes an indirect wholly-owned subsidiary of our Company.
Please refer to “ Reorganization” below in this section for further details.

Galaxy Payroll (China)

Galaxy Payroll (China) was
incorporated in Hong Kong on October 24, 2017 as a private company limited by shares. Upon its incorporation, Galaxy Payroll (China) allotted
and issued 10,000 Ordinary Shares, all of which were credited as fully paid and were held by Galaxy (Seychelles).

Galaxy Payroll (China) is
an investment holding company and