Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 176

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 6
Chunk 176
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  Jurisdiction                                  0                                                     
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  Did                                           0                                                     

  Compensation  

For years ended June 30,
2025, 2024 and 2023, we paid an aggregate of HKD13,833,353 (US$1,762,233), HKD6,277,005 (US$801,016) and HKD7,598,012 (US$973,942) respectively,
in cash (including salaries and mandatory provident fund) to our directors. We have not set aside or accrued any amount to provide pension,
retirement, or other similar benefits to our executive officers or Directors. Our Hong Kong, Macau and PRC subsidiaries are required by
law to make contributions equal to certain percentages of each employee’s salary for his or her pension insurance, medical insurance,
unemployment insurance, and other statutory benefits and a housing provident fund.

Clawback
Policy

On
October 23, 2024, our board of directors adopted a clawback policy (the “ Clawback Policy”) permitting the Company to seek
the recoupment of incentive compensation received by any of the Company’s current and former executive officers (as determined
by the board in accordance with Section 10D of the Exchange Act and the Nasdaq rules) and such other senior executives/employees who
may from time to time be deemed subject to the Clawback Policy by the board (collectively, the “ Covered Executives”). The
amount to be recovered will be the excess of the incentive compensation paid to the Covered Executive based on the erroneous data over
the incentive compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined
by the board. If the board cannot determine the amount of excess incentive compensation received by the Covered Executive directly from
the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the
accounting restatement. Refer to Exhibit 97.1 of this Report for the Company’s Clawback Policy.

  Board Practices  

Board
of Directors

Our
board of directors consists of five directors, including three independent directors. A director is not required to hold any shares in
our company to qualify to serve as a director. A director may vote with respect to any contract, proposed contract or arrangement in
which he is materially interested, provided that (a) such director, if his or her interest in such contract