Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 229

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 16G
Chunk 229
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Item
16G. Corporate Governance.

As
a BVI incorporated company listed on the Nasdaq Capital Market, we are subject to the Nasdaq Stock Market Rules corporate governance
listing standards. However, Nasdaq Stock Market Rules permit a foreign private issuer like us to follow the corporate governance practices
of its home country. Certain corporate governance practices in the BVI, which is our home country, may differ significantly from the
Nasdaq Stock Market Rules. We have not relied on any home country practice exemption as of the date of this annual report. However, we
may choose to follow certain home country practices in the future, which may cause our shareholders to be afforded less protection than
they would otherwise enjoy under the Nasdaq Stock Market’s corporate governance listing standards applicable to U. S. domestic issuers.
See “ Item 3. Key Information - D. Risk Factors - Risks Related to our Ordinary Shares - As a foreign private issuer,
we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from Nasdaq
corporate governance listing standards. These practices may afford less protection to shareholders than they would enjoy if we complied
fully with Nasdaq corporate governance listing standards.”

ITEM
16H.

Item
16H. Mine Safety Disclosure.