Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 156

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 156
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 a significant increase in selling, general and administrative expenses and research and development expenses
during the current year, offset by the increase in the reversal of provision of credit losses incurred.

Selling, general and administrative expenses

Selling, general and administrative
expenses consisted primarily of bank charge, building management fee, depreciation, insurance, Internet and IT service fee, meal and
entertainment, office premises expenses, travelling, staff cost, legal and professional fees and others.

The Group’s major selling,
general and administrative expenses were comprised of the following items during the periods indicated:

                                   For the years ended June 30                                                                                   
                                   2024                                            2025                                                          
                                   HKD                                             HKD                                                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Bank Charge                      $                                  301,906      $            228,070         29,054         (73,836      -24  
  Building management fee                                             164,960                   163,858         20,874          (1,102       -1  
  Depreciation                                                        110,206                   106,900         13,618          (3,306       -3  
  Insurance                                                           273,184                   433,687         55,247         160,503       59  
  Internet and IT service fee                                         355,040                   494,934         63,049         139,894       39  
  Meal and Entertainment                                              202,640                   599,646         76,388         397,006      196  
  Office premises expenses                                          1,156,024                 1,120,629        142,757         (35,395       -3  
  Travelling                                                           57,850                    32,928          4,195         (24,922      -43  
  Staff costs                                                       3,703,148                11,192,966      1,425,874       7,489,818      202  
  Legal and professional fee                                        2,066,956                 5,748,312        732,279       3,681,356      178  
  Others                                                              655,290                   708,626         90,273          53,336        8  
  Total                            $                                9,047,204      $         20,830,556      2