Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 57

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 57
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 all the issued 18,012,500
Ordinary Shares be and are re-designated into 14,412,500 Class A Ordinary Shares each with a par value of US$0.000625 with one vote per
share but with all rights and restrictions remaining identical to the Ordinary Shares (the “ Class A Ordinary Shares”) on a
one-for-one basis and 3,600,000 Class B Ordinary Shares each with a par value of US$0.000625 with fifty votes per share but with all rights
and restrictions remaining identical to the Ordinary Shares (the “ Class B Ordinary Shares”) on a one-for-one basis, (b) the
remaining authorized but unissued Ordinary Shares be and are re-designated into (i) an unlimited number of Class A Ordinary Shares and
(ii) an unlimited number of Class B Ordinary Shares on a one-for-one basis and (c) such that the Group will be authorized to issue an
unlimited number of shares each with a par value of US$0.000625 divided into (i) an unlimited number of Class A Ordinary Shares and (ii)
an unlimited number of Class B Ordinary Shares.

On September 8, 2025, the Group has been unanimously approved a consolidation
of all issued and unissued ordinary shares at a ratio of ten (10) shares to one (1) share of the same class (the “ Share Consolidation”)
and the Share Consolidation was effective. The Share Consolidation applied to both Class A and Class B ordinary shares, with the par value
per share increasing from US$0.000625 to US$0.00625 following the consolidation.

Our Company is an investment
holding company and currently does not engage in any business activity.

Melkweg Holdings Limited

Melkweg Holdings Limited
was incorporated in the Cayman Islands on October 31, 2019 as an exempted company with members’ limited liability. The initial authorized
share capital of Melkweg Holdings Limited is HKD380,000 (US$48,932) divided into 38,000,000 Shares of HKD0.01 (US$0.001) each. Upon incorporation
of Melkweg Holdings Limited, on October 31, 2019, it allotted and issued one fully paid share to an initial subscriber, an independent
third party, at par value, and was subsequently transferred to JEAN Oceania on October 31, 2019.

On January 17, 202