Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 198

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 198
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 for longer than is necessary                                                                                 
  personal data must be accurate, complete, not misleading                                                                                    
  a data subject must be                                                                                                                      

The
BVI DPA imposes specific obligations on data controllers, including the duty to (i) apply the data protection principles; and (ii) respond
in a timely fashion to requests from data subjects in relation to their personal data.

The
Information Commissioner is the regulator responsible for the proper functioning and enforcement of the BVI DPA. Offences under the BVI
DPA include

  processing sensitive personal data in contravention  

  willfully obstructing the                                                                             

  willfully disclosing personal information in contravention  

  collecting, storing or disposing of personal information  

Offences
committed under the BVI DPA may result in fines (up to US$500,000 in certain cases) or imprisonment. Further, a data subject who suffers
damage or distress as a result of their data being processed in contravention of the DPA may institute civil proceedings in the British
Virgin Islands courts.

Subject
to the Companies Act and to any rights for the time being conferred on the shareholders holding a particular class of shares, our shareholders
may, by special resolution, reduce our share capital or any capital redemption reserve in any way.

  Material Contracts  

We
have not entered into any material contracts other than in the ordinary course of business and other than those described in “ Item
4. Information on the Company,” “ Item 7. Major Shareholders and Related Party Transactions - B. Related Party Transactions,”
or elsewhere in this annual report on Form 20-F.

  Exchange Controls  
 ─────────────────────

There
are currently no exchange control regulations in the BVI applicable to us or our shareholders.

  Taxation  

BVI
Taxation

The
company and all distributions, interest and other amounts paid by the company in respect of the Ordinary Shares of the company to persons
who are not resident in the BVI are exempt from all provisions of the Income Tax Ordinance in the BVI.

No
estate, inheritance, succession or gift tax, rate, duty, levy or other charge is payable by persons who are not resident in the BVI with
respect to any Ordinary Shares, debt obligations or other securities of the company.

All
instruments relating to transactions in respect of the Ordinary Shares, debt obligations or other securities of the company and all instruments
relating to other transactions relating to the business of the company are exempt from payment