Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 98

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 98
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 commencing on the expiry of his wage period preceding the time of termination
and up to the time of termination and any other sums due to the employee in respect of his contract of employment, etc., shall be paid
to him as soon as is practicable and in any case not later than 7 days after the day of termination. Any employer who willfully and without
reasonable excuse contravenes such requirement commits an offence and is liable on conviction to a maximum fine of HKD10,000 (US$1,280).

Section 26(1) of the EO stipulates
that wages shall be paid on a working day directly to an employee at his place of employment or at any office or other place customarily
used by the employer for the purpose of payment of wages or at any other place mutually agreed.

Under section 25A of the
EO, if, any wages or the equivalent of the amount earned by the employee for work done over the period commencing on the expiry of his
wage period preceding the time of termination and up to the time of termination are not paid within 7 days from the day on which they
become due under sections 23, 24 and 25 above, the employer shall pay interest, currently at the rate of 8.000% per annum, on the outstanding
amount of wages or sum from the date on which such wages or sum become due up to the date of actual payment.

Also, under section 63C of
the EO, any employer who willfully and without reasonable excuse fails to pay wages in accordance with section 23, 24 or 25 commits an
offence and is liable to a fine of HKD350,000 (US$44,809) and to imprisonment for 3 years. Pursuant to section 64B of the EO, where the
employer concerned is a body corporate, if the above offence is proved to have been committed with the consent or connivance of, or to
be attributable to any neglect on the part of, any of its director, manager, secretary or other similar officer, the director, manager,
secretary or other similar officer concerned shall be guilty of the same offence.

Under the section 51(1) of
the EO, no person shall operate, manage or assist in the management of an employment agency unless he is the holder of an employment agency
license or certificate of exemption issued by the Commissioner for labor in respect of the employment agency. Any person who contraven