Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 92

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 92
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282
of the Laws of Hong Kong) for our seconded employees in Hong Kong, and also maintained professional indemnity insurance for our operating
subsidiaries in Hong Kong, Galaxy Payroll (HK) and Galaxy Solutions Partner.

We have made contributions
to social security for our employees in the PRC and contributions to housing provident funds for our applicable employees in the PRC pursuant
to the applicable laws of the PRC in material respects. The Company relies on its own administrative staff to maintain its compliance
status regarding Taiwan and Macau, therefore, based on management belief, our seconded employees in Taiwan are covered by the national
health insurance scheme.

Our Directors are of the
view that we have obtained adequate insurance coverage for the operation of our business and such insurance coverage is in line with the
industry norm. Our Directors believe that there is no material risk in connection with our business operation which is not covered by
the abovementioned insurance. During the years ended June 30, 2025, 2024 and 2023 and up to the date of this report, we had not made nor
been the subject of any material insurance claims.

EMPLOYEES

The total number of employees
of the Group as of June 30, 2025, 2024 and 2023 are 31, 29 and 26, respectively.

The Group hired one employee
in Hong Kong and Taiwan respectively during the year ended June 30, 2025.

The Group hired one employee
in Hong Kong, China, Malaysia and Singapore respectively during the year ended June 30, 2024. One employee was laid off in China during
the year ended June 30, 2024.

The Group hired one and three
employees in Taiwan and China respectively during the year ended June 30, 2023. Three employees were laid off in Hong Kong during the
year ended June 30, 2023.

None of our employees is
associated with any labor union in Hong Kong, China, Macau or Taiwan, and we didn’t hire any temporary employees for past 3 years.

Our directors confirm that
we had not experienced any significant problems with the employees or disruption to the operations due to labor disputes nor had we experienced
any difficulties in the retention of experienced staff or skilled personnel during the years ended June 30, 2025, 2024 and 2023.

PROPERTIES

Our Group did not own any
real properties and we lease three premises,