Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 189

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 189
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 Ordinary Shares or as otherwise agreed, make calls
upon shareholders for any amounts unpaid on their Ordinary Shares in a notice served to such shareholders at least 14 days prior to the
specified time of payment. The Ordinary Shares that have been called upon and remain unpaid are subject to forfeiture. For the avoidance
of doubt, if the issued Ordinary Shares have been fully paid in accordance with the terms of its issuance and subscription, the Board
of Directors shall not have the right to make calls on such fully paid Ordinary Shares and such fully paid Ordinary Shares shall not
be subject to forfeiture.

Redemption
of Ordinary Shares

Subject
to the provisions of the BVI Act, we may issue Ordinary Shares on terms that are subject to redemption, at our option or at the option
of the holders, on such terms and in such manner as may be determined by our Memorandum and Articles of Association and subject to any
applicable requirements imposed from time to time by, the BVI Act, the SEC, the NASDAQ Capital Market, or by any recognized stock exchange
on which our securities are listed.

Modifications
of rights

If
at any time, the company is authorized to issue more than one class of Ordinary Shares, all or any of the rights attached to any class
of shares may be amended only with the consent in writing of or by a resolution passed at a meeting of not less than 50 percent of the
shares of the class to be affected.

Changes
in the number of Ordinary Shares we are authorized to issue and those in issue

We
may from time to time by a resolution of shareholders or resolution of our Board of Directors:

  amend our Memorandum of                                                                                                               
  Association to increase or decrease the maximum number of Ordinary Shares we are authorized to issue,                                 
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  subject to our Memorandum                                                                                                             
  subject to our Memorandum                                                                                                             

Inspection
of books and records

Under
BVI Law, holders of our Ordinary Shares are entitled, upon giving written notice to us, to inspect (i) our Memorandum and Articles of
Association, (ii) the register of members, (iii) the register of directors and (iv) minutes of meetings and resolutions of members, and
to make copies and take extracts from the documents and records. However, our directors can refuse access if they are satisfied that
to allow such access would be contrary to our interests.