Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 130

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 130
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 provides: “ The investor who makes an investment in accordance with this Statute is required
to submit an investment application, together with his/her investment plans and relevant documents, to the Competent Authority for approval.
The same shall apply if and when his/her investment plan changes. ”

Pursuant to the above-mentioned
regulations, any individual from Hong Kong or Macau who plans to make an investment in Taiwan needs to obtain prior approval by the Investment
Commission of the Ministry of Economic Affairs of Taiwan.

  Organizational Structure  

The following diagram and
the chart illustrate our corporate structure, including our principal subsidiaries, consolidated affiliated entities and subsidiaries
of consolidated affiliated entities as of the date of this annual report:

  Name                                                                                Background                           Ownership                                                                      Principal activities                                             
  Galaxy Payroll Group Limited (“ Galaxy Payroll BVI”)                                ● Located in the                     -                                                                              Investment holding                                               
                                                                                      British Virgin Islands (“ BVI”)                                                                                                                                                      
                                                                                                                                                                                                                                                                           
                                                                                      ● Incorporated on                                                                                                                                                                    
                                                                                      August 26, 2021                                                                                                                                                                      
  Melkweg Holdings Limited (“ Melkweg Cayman”)                                        ● Located in the                     100% directly owned by Galaxy Payroll BVI                                      Investment holding                                               
                                                                                      Cayman Islands                                                                                                                                                                       
                                                                                                                                                                                                                                                                           
                                                                                      ● Incorporated on                                                                                                                                                                    
                                                                                      October 31, 2019                                                                                                                                                                     
  Melkweg Holdings (BVI) Limited (“ Melkweg BVI”)                                     ● Located in the BVI                 100% directly owned by Melkweg Cayman                                          Investment holding                                               
                                                                                                                                                                                                                                                                           
                                                                                      ● Incorporated on                                                                                                                                                                    
                                                                                      November 5, 2019                                                                                                                                                                     
  Galaxy Payroll Services Limited (“ Galaxy Payroll (HK)”)                            ● Located in Hong Kong               100% owned by Melkweg BVI                                                      Provision of payroll outsourcing and employment services         
                                                                                                                                                                                                                                                                           
                                                                                      ● Incorporated on                                                                                                                                                                    
                                                                                      February 21, 2013                                                                                                                                                                    
  Galaxy Recursos Humanos (Macau) Limitada (“ Galaxy HR (Macau)”)                     ● Located in Macau                   98% owned by Galaxy Payroll (HK) and 2% owned by Galaxy Solutions Partner      Provision of payroll outsourcing services                        
                                                                                                                                                                                                                                                                           
                                                                                      ● Incorporated on                                                                                                                                                                    
                                                                                      July 26, 2016                                                                                                                                                                        
  Galaxy Payroll (Taiwan) Limited (“ Galaxy Payroll (TW)”)                            ● Located in Hong Kong               100% owned by Mel