Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 83

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 83
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 g. MPF, social security)) may also vary from month to month. In addition,
the commencement date and termination date of employment of each seconded employee may fall on any date of a year (which may not be the
first day or last day of a month). Accordingly, our basic service fees for each end-user depend on a number of variables, and generally
vary from month to month. During the years ended June 30, 2025, 2024 and 2023, we did not adjust our service fees for employment services
with our customers.

When providing our services,
we may accept payment at a currency that is different from the currency which the remuneration is paid to the seconded employees.

Operational workflow for employment services

Employment of the seconded employee and follow up actions

Once an end-user has decided
to hire a candidate, we will negotiate on the employment service terms including the scope of services and service fees. For an end-user
engaging us through a channel, our channel customer will issue an engagement letter or confirmation email to us in relation to the employment
services provided to the end-user. For a direct end-user, we enter into a service agreement directly with the end-user. After we receive
the engagement letter from our channel customer or enter into a service agreement with our direct end-user, our customer will make deposit
to our Group in the amount equivalent to the candidate’s salary for one month. We will then collect personal information from the
candidate by requiring the candidate to fill in our standard form. We will also take a copy of the candidate’s identity card for
records.

The following table summarizes
the salient terms of the service agreements we entered into with our major direct end-users for provision of our employment services:

  Duration/termination:       Our agreements have an initial term of one year or remain effective until being terminated by either party and the term may be automatically extended or extended by mutual agreement by the part...  
  Pricing/service fees:       Our basic service fees generally equal a fixed percentage of the total remuneration of the seconded employees with minimum charge of an agreed sum per month. In some cases, we may agree to char...  
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  Payment terms:              Payment for our service fee is generally required to be settled upon receipt of invoice to 30 days from the date of