Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 168

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 168
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4 and 2023, we did not incur material
costs in research and development. During the year ended June 30, 2025, we incurred HKD18,686,290 (US$2,380,449) which was technology
infrastructure expenses related to platform development to support the Group’s business operations. We did not possess any patents
during the three years ended June 30, 2025, 2024 and 2023.

Please
refer to “ Item 4. Information on the Company - B. Business Overview - Approvals, Licenses, and Permits” and “ Item
4. Information on the Company - B. Business Overview - Intellectual Property Rights”

Trend
Information

Other than as disclosed elsewhere
in this document, we are not aware of any trends, uncertainties, demands, commitments or events since June 30, 2025 that are reasonably
likely to have a material adverse effect on our net revenues, income, profitability, liquidity or capital resources, or that caused the
disclosed financial information to be not necessarily indicative of future operating results or financial conditions.

Off-balance
Sheet Arrangements

We
do not have any outstanding off-balance sheet guarantees, interest rate swap transactions or foreign currency forward contracts. We do
not engage in trading activities involving non-exchange traded contracts. In our ongoing business, we do not enter into transactions
involving, or otherwise form relationships with, unconsolidated entities or financial partnerships that are established for the purpose
of facilitating off-balance sheet arrangements for other contractually narrow or limited purposes.

Item
6. Directors, Senior Management and Employees