Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 54

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 54
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 standards apply to private companies.

Compliance with these rules
and regulations increases our legal and financial compliance costs and makes some corporate activities more time consuming and costly.
After we are no longer an “emerging growth company,” or until five years following the completion of our IPO, whichever is
earlier, we expect to incur significant expenses and devote substantial management effort toward ensuring compliance with the requirements
of Section 404 of Sarbanes-Oxley and the other rules and regulations of the SEC. For example, as a public company, we will be required
to increase the number of independent directors and adopt policies regarding internal controls and disclosure controls and procedures.
We will incur additional costs in obtaining director and officer liability insurance. In addition, we will incur additional costs associated
with our public company reporting requirements. It may also be more difficult for us to find qualified persons to serve on our board of
directors or as executive officers. We are currently evaluating and monitoring developments with respect to these rules and regulations,
and we cannot predict or estimate with any degree of certainty the amount of additional costs we may incur or the timing of such costs.

Item 4. Information on the Company