Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 100

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 100
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 Any person contravenes
such requirement commits an offence and is liable on conviction to a fine at HKD350,000 (US$44,809) and to imprisonment for 3 years. The
section 57 of the EO further sets out that an employment agency licensee shall not share with any person the prescribed commission which
he is permitted to charge and receive, other than another licensee or shareholder in his employment agency. Any person contravenes such
requirement commits an offence and is liable on conviction to a fine at HKD50,000 (US$6,401).

Under section 62A of EO,
an employment agency licensee shall comply with the laws and the Code of Practice for Employment Agencies (the “ CoP”) which
was promulgated by the Commissioner for Labor. The CoP sets out the salient legislative requirements as well as the standards which the
Commissioner for Labor expects from a employment agency licensee. The Labor Department will closely monitor compliance through regular
and surprise inspections as well as complaint investigations, etc. and may issue warning letters to an employment agency licensee for
rectification of irregularities detected, including but not limited to failing to meet the statutory requirements and/or standards set
out in the CoP. The Commissioner for Labor may also consider, amongst other relevant factors, the relevant track record of the EAs and/or
their capability of meeting such requirements / standards, in making decision of revoking, or refusing to grant or renew EA licenses.

The regulation 6 of the EAR
sets out that an employment agency licensee shall not lend, transfer or assign the license to another person. Regulation 10(2) of the
EAR sets out the maximum commission which can be charged and received by an employment agency in connection with the employment of any
person. The maximum commission which may be received by an employment agency from each job applicant is an amount not exceeding 10% of
his/her first month’s wages received after he/she has been successfully placed. Under the regulation 17 of the EAR, any person contravenes
such requirement commits an offence and is liable on conviction to a fine at HKD10,000 (US$1,280).

Under the regulation 7 of
the EAR, an employment agency licensee shall notify the Commissioner for Labor within 14 days after any change in the management (partner/director/nominated
operator) of the employment agency licensee with full particulars of the change, and submit form EA-LOA after any change of the related
person