Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 132

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 132
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 our payroll outsourcing service customers respectively.
During the years ended June 30, 2025, 2024 and 2023, we provided payroll outsourcing services in Hong Kong, Macau and Taiwan directly
and cooperated with in-country partners to provide payroll outsourcing services in the PRC and India where appropriate.

In providing employment
services, our Group or our in-country partners (upon our request) (i) act as the employers of record to employ suitable candidates, who
are sourced by our end-users, and second them back to our end-users; and (ii) handle the seconded employees’ payroll as their employers
of record. Up to the date of this prospectus, we provided employment services in Hong Kong, Taiwan and Macau directly and cooperated
with in-country partners to provide employment services in the PRC, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia,
Philippines and Bangladesh where appropriate.

Galaxy Payroll Group Limited
(“ Galaxy Payroll BVI”) was incorporated in the British Virgin Islands with limited liability on August 26, 2021. Galaxy Payroll
BVI has no substantial operations other than holding all of the outstanding share capital of Melkweg Holdings Limited (“ Melkweg
Cayman”). Melkweg Cayman is a holding company incorporated on October 31, 2019 under the Companies Act (2021 Revision) of the Cayman
Islands. Melkweg Cayman has no substantial operations other than holding all of the outstanding share capital of Melkweg Holdings (BVI)
Limited (“ Melkweg BVI”) which was incorporated under BVI law on November 5, 2019. Melkweg BVI is also a holding company holding
of all the equity interest of Galaxy Payroll Services Limited (“ Galaxy Payroll (HK)”) (which is the holding company of Galaxy
Recursos Humanos (Macau) Limitada (“ Galaxy HR (Macau)”), Galaxy Solutions Partner Limited (“ Galaxy Solutions Partner”),
Galaxy Payroll (Taiwan) Limited (“ Galaxy Payroll (TW)”) (which is the holding company of Galaxy Human Resources Limited (“ Galaxy
HR (TW)”)) and Galaxy Payroll (China) Limited (“ Galaxy Payroll (China)”) (which is the holding company of Galaxy Corporate
Management Consultancy (Shenzhen) Limited (“ Galaxy HR (SZ)”)) (collectively referred to as the “ Subsidiaries”).

Galaxy Payroll BVI, through