Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 71

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 71
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 of providing high quality
payroll outsourcing services and employment services in the PRC, Hong Kong, Japan, Taiwan, Macau, Australia and other Asian countries.

With our capability in providing
high quality payroll outsourcing services and employment services, our end-users can rely on our Group to ensure compliance with local
regulations, which can in turn achieve cost-savings. Multinational corporations may not have local offices in all regions that they have
business operation in. Instead of setting up a local entity with a human resources department for employing employees and handling salary
payment themselves, engaging our Group will be more cost efficient.

We have an experienced and strong management
team with proven track record.

We have more than seven years
of experience in the payroll outsourcing services and employment services industries and our success is attributable to our experienced
and strong management team. Each of our executive officers, Mr. Lao, Mr. But and Mr. Yeung, has accumulated over 16 years of experience
in the payroll outsourcing service industry and employment service industry. Prior to the establishment of our Group, Mr. Lao, Mr. But
and Mr. Yeung had experience working in a payroll outsourcing and employment service company and their insights in the industries enable
them to manage the overall business operation and execute the business strategies of our Group. Our senior management personnel Ms. Lo
Ho and Mr. Wu Chunlei also possess extensive experience in the payroll outsourcing service industry and employment service industry for
over 15 and 18 years, respectively.

We believe that the extensive
experience and in-depth market knowledge of our management team enable us to keep abreast of the latest market trends, understand the
needs of our customers and end-users and continue to provide flexible and high quality services to our customers and end-users.

For details and biographies
of our executive Directors and senior management, please refer to “ Directors and Senior Management” in this report.

Business Strategies

We aim to continue to leverage
on our experience in the payroll outsourcing service industry and employment service industry to expand our business operation in the
PRC and Hong Kong, with a focus on the PRC market. To achieve these objectives, we intend to utilize the net proceeds to implement the
following business strategies:

Expand our business operation in the payroll
outsourcing service industry and employment service industry in the PRC.

The overall payroll outsourcing
service industry in the PRC recorded a significant which was mainly driven by the rapid economic growth and growing participation of foreign
enterprises and it is expected