Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 108

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 108
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which may be taken into account for such determination include the market share of the undertaking, the undertaking’s power to
make pricing and other decisions and any barriers to entry to competitors into the relevant market. As with the First Conduct Rule, the
Second Conduct Rule also applies even if the undertaking engaging in the conduct is outside of Hong Kong or the conduct is engaged in
outside of Hong Kong.

Where a person has contravened
or been involved in contravention of a competition rule, the Competition Tribunal may impose a pecuniary penalty and make all or any of
the orders specified in Schedule 3 of the Competition Ordinance which it considers appropriate, such as, awards of damages, disposal of
operations, declare agreements to be void, etc. For conduct that constitutes a single contravention, the amount of pecuniary penalty imposed
will be capped at 10% of the turnover of the undertaking concerned for each year in which the contravention occurred, up to a maximum
of 3 years with the 3 highest yearly turnovers.

The Competition Tribunal
may also make a disqualification order against the director of a company for a period not exceeding 5 years if it considers that the company
of which the person is a director has contravened a competition rule and that the person’s conduct as a director makes the person
unfit for being involved in the management of the company.

Trade Descriptions Ordinance (Chapter 362 of
the Laws of Hong Kong)

The Trade Descriptions Ordinance
(Chapter 362 of the Laws of Hong Kong) (“ TDO”) aims to prohibit false trade description, false, misleading or incomplete information,
false marks and misstatements in respect of goods and services provided in the course of trade. The definition of trade description under
section 2 of TDO covers a broad range of matters including but not limited to: quantity, method of manufacture, composition, fitness for
purpose, availability, compliance with a standard specified or recognized by any person, price, approval by any person, a person by whom
they have been acquired, the goods being of same kind as goods supplied to a person, place or date of manufacture, etc. Section 2 also
provides that a trade description which is false to a material degree or which, though not false, is misleading, that is to say, likely
to be taken for a trade description of a kind that would be false to a material degree, would be regarded as a false trade description.

Section 7A