Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 129

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 129
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 Manufacturing jobs: directly engaged
in the production of manufactured goods and other related physical tasks. 2. Construction jobs: directly engaged in the construction work
at construction sites or other related places, or other related physical tasks. 3. Slaughter work: Slaughter and related physical work.
4. Dairy cattle breeding job: Job directly engaged in dairy cattle breeding or related physical tasks at livestock farm. 5. Outreach agricultural
job: Job requiring the employee to be assigned by the employer to the location place where the outreach agricultural service contract
is deem to be performed and is directly with regard to jobs engaging in agriculture, forestry, fishery, animal husbandry or related physical
tasks. 6. Other jobs designated by the Central Competent authority. ”

Pursuant to the above-mentioned
regulations, any employment of professionals from Hong Kong, Macau, or other countries, requires the prior approval by the Ministry of
Labor of Taiwan.

Investment in Taiwan from Hong Kong or Macau

The Laws and Regulations
Regarding Hong Kong and Macau Affairs (“ HKMA Laws”) cover a broad spectrum of matters between Taiwan and the above- mentioned
two places, including the investment in Taiwan made by individuals from the two places.

Article 31 of the HKMA Laws
stipulates: “ The relevant regulations concerning foreign investment and remittance shall apply mutatis mutandis to investment
in the Taiwan Area by Hong Kong or Macau Residents, juridical persons, organizations or other institutions. The regulations governing
overseas Chinese investment and remittance shall apply mutatis mutandis to investment in the Taiwan Area by the Hong Kong or Macau Residents
referred to in Article 4, Paragraph 3, of this Act. ” Pursuant to the aforesaid provision, the Ministry of Economic Affairs reviews
the investment from Hong Kong or Macau in accordance with the Statute for Investment by Foreign Nationals (“ Foreign Investment Statute”).

The Foreign Investment Statute sets
forth the following:

  (1)      The investor is prohibited from investing in the following industries (“ Prohibited Items”): 1. Those which may negatively affect national security, public order, good customs and practices, or...  

  (2)      So-called “ Foreign Investment” not only includes holding shares issued by a Taiwan company, or contributing to the capital of a Taiwan company, but also includes establishing a branch office, ...  

Paragraph 1 of Article 8
of the Foreign Investment Statute also