Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 74

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 74
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 over 16 years of experience in the payroll outsourcing service industry and
employment service industry. Our senior management personnel, Ms. Lo Ho and Mr. Wu Chunlei, also have more than 15 and 18 years of experience
in the payroll outsourcing service industry and employment service industry. Leveraging on our industry experience and our established
relationship with our major customers since our establishment, we entered into the first agreements for the provision of services in Macau,
Taiwan, Japan, Australia and other Asian countries starting from 2015 till now.

PAYROLL OUTSOURCING SERVICES

We provide payroll outsourcing
services to our end-users by handling payroll-related matters for their employees in the PRC, Hong Kong, Taiwan, Macau and India. Majority
of our revenue generated from payroll outsourcing services were generated from the PRC and Hong Kong.

Our Directors understand
that a company’s payroll function is a sensitive and highly confidential administrative task which is costly and time-consuming.
By outsourcing their payroll functions to us, our Directors believe that our end-users can concentrate on developing and growing their
core businesses and at the same time minimize the risk of leaking confidential information in relation to salaries among employees in
their companies.

We assist our end-users in
(i) conducting computation of salaries and the amounts of contributions to be paid for MPF in Hong Kong, social security, housing provident
funds and individual income tax in the PRC and any other deductions required to be made under the laws of the respective jurisdictions;
(ii) arranging for payment to the employees’ bank accounts; (iii) monitoring and maintaining payroll records; and (iv) preparing
and filing employment-related tax returns.

Our channels

Channels are global human
resources service providers engaged by companies/organizations to handle payroll and employment-related matters for their branch offices
in different regions.

Our end-users

During the years ended June
30, 2025, 2024 and 2023, we served end-users (both direct and through channels) from different industries for payroll outsourcing services
and we served employees of our end-users (both direct and through channels) engaging us for payroll outsourcing services were located
in the PRC, Hong Kong, Taiwan, Macau and other Asian countries.

Service fees of our payroll outsourcing services

The service fees of our payroll
outsourcing services are generally calculated based on a fixed amount per employee per month during the years ended June 30, 2025, 2024
and 2023 subject to a fixed amount of