Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 158

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 158
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) in the year ended June 30, 2025 from HKD273,184 in the year ended June
30, 2024. It represented the additional insurance charge to our Group for the liabilities of directors and the Group due to our successful
listing in September 2024 and the exchange difference between the US$ charged by the insurance company and the HKD used as the presentation
currency of the Group. It increased significantly compared to the same period of 2024.

Internet and IT service fee

Internet and IT service fee
included, the consulting and service fee paid to internet service providers and the maintenance service rendered from third-party service
providers. It increased by HKD139,894 or 39%, to HKD494,934 (US$63,049) in the year ended June 30, 2025 from HKD355,040 in the year ended
June 30, 2024. Our group incurs service charges for server maintenance throughout the year, which is crucial for maintaining optimal performance
and uptime. Additionally, we have strengthened our internet security by hiring a specialized service company to provide comprehensive
protection against cyber threats.

Meal and Entertainment

Compared to the year ended
June 30, 2024, the Group’s meal and entertainment increased by HKD397,006 or 196%, from HKD202,640 in 2024 to HKD599,646 (US$76,388)
in 2024. Throughout the year, the rise in meal and entertainment expenses has been aimed at maintaining the customers’ relationship
and business performance and enhancing staff welfare, including activities such as company retreats.

Office premises expenses

Office premises expenses
represented rent paid for the Group’ office facilities in PRC, Hong Kong and Taiwan. Office premises expenses decreased by HKD35,395
or -3%, to HKD1,120,629 (US$142,757) in the year ended June 30, 2025 from HKD1,156,024 in the year ended June 30, 2024. There is no material
fluctuation during the year.

Travelling

Travelling represented the
travelling expenses for the business purpose. Travelling decreased by HKD24,922 or -43%, to HKD32,928 (US$4,195) in the year ended June
30, 2025 from HKD57,850 in the year ended June 30, 2024. The