Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 88

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 88
---
 ended June 30, 2025, 2024 and 2023.
We are generally required to settle the service fees on the 15th day of a month. Our Directors considered that, during the years ended
June 30, 2025, 2024 and 2023, the service fees charged by the Major In-country Partner were determined on an arm’s length basis
and on normal commercial terms, and the service fees charged to our Group were comparable to those charged by other entities providing
similar services.

Other in-country partners

Apart from cooperating with
the Major In-country Partner, we also, to a much lesser extent, cooperated, on a non-exclusive basis, with seven other in-country partners
in the PRC, one in-country partner in Japan, one in-country partner in Taiwan, Thailand and Malaysia, one in-country partner in Australia,
one in-country partner in India and Bangladesh, one in-country partner in Indonesia, five in-country partner in Singapore, one in-country
partner in Vietnam, one in-country partner in Hong Kong, one in-country partner in Italy and one in-country partner in Thailand. They
are CIIC Human Resources Consulting (Zhuhai) Hengqin Branch, FESCO Adecco Shanghai Co. Ltd., Shanghai Foreign Service (Group) co., Ltd.,
Dalian Pengyu Management Consulting Service Co., Ltd., Shanghai Firstray China Human Resources Service Co. Ltd., CIIC Guangzhou Economic& Technical Cooperation Corp., Shenzhen Yicai Manpower Zi Consultancy Co., Ltd., SBC G. K., Eos Global Partners Limited, People 2.0
Australia (ESS) Pty Ltd, Procloz Services Private Limited, PT. Tuas Solusi Karya, Volt Solution Kabushiki Kaisha, Tuas Solutions Pte Ltd,
Innovative Human Resources Outsourcing Partners Limited, InterLoop Solutions & Consultancy (Singapore) Pte Ltd, Horizons Global Technology
Pte. Ltd., KOS SG PTE. LTD., Worknetics Pte Ltd., Fastlink Consulting Private Limited, JobPlus Asia Pte Ltd. and Access People (Singapore)
Pte. Ltd. During the years ended June 30, 2025, 2024, 2023 and up to the date of this report, we provides employment services in the PRC
through our in-country partners even though our PRC subsidiary is capable of providing employment services directly as seconded employees’
employer of record after obtaining the