Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 93

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 93
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2022, the registration was approved. Our Group did not hold other trademarks
or patents which are material to our business.

  Country        Trademark      Application Date      Application Number      Classes      Status    
  Hong Kong                     August 10, 2022                306032943           35      Approved  
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As of the date of this report,
our Group had registered the following domain names:

  Domain name            Registrant               Expiry date        
  www.galaxy-hk.com      Galaxy Payroll (HK)      February 15, 2027  
  www.huagaobao.cn       Galaxy HR (SZ)           May 17, 2026       
  www.galaxy-hk.cn       Galaxy HR (SZ)           April 14, 2026     
 ─────────────────────────────────────────────────────────────────────

As of the date of this report,
we were not aware of any dispute or infringement by (i) us of any intellectual property rights owned by third parties; or (ii) any third
parties of any intellectual property rights owned or being applied by us.

MARKET AND COMPETITION

The payroll outsourcing service
industry and employment service industry in the PRC and Hong Kong are highly fragmented and competitive with various market participants.
Some of the factors affecting market competition include (i) economies of scale enjoyed by companies with wide geographic coverage, services
offerings, technology and security level; (ii) industry reputation and image; and (iii) value-added services provided by market participants.

Some of the entry barriers
to the payroll outsourcing service industry and employment service industry include (i) capital and credit requirements for setting high
credit limits for bank accounts to handle large amount of transactions made regularly; (ii) market know-how and experience in local laws
and regulations in relation to employment and data privacy; and (iii) industry connection with channel customers and direct end-users.

Nevertheless, our Directors
believe that we will continue to maintain the following competitive advantages which will enable us to compete with our competitors:

  we are a reputable in-country payroll outsourcing and employment service provider engaged by multinational channels and end-users from different industries;  

  we have well-established business relationships with our customers;  

  we are capable of providing high quality payroll outsourcing services and employment services to our customers to ensure compliance with local regulations for our end-users; and  

  we have an experienced and strong management team with proven track record supported