Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 82

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 82
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 salient terms of the employment contracts with our seconded
employees mainly include pre-determined monthly salary rate, commencement date of employment, job title, leave entitlement, staff benefits
and termination notice. Our Group is entitled to terminate the contracts of our seconded employees by giving one month of notice, making
a payment in lieu of notice, by mutual agreement or in accordance with the relevant laws and regulations. We also require our customers
or end-users to make a deposit equivalent to one month of salary of the seconded employee to protect us from the loss that we may suffer
from the termination of employment with our seconded employees. We have taken out professional indemnity insurance to cover the risks
that we may face when providing employment services in Hong Kong. Our seconded employees in Taiwan are also covered by the national health
insurance scheme. We are required to comply with the relevant employment laws and regulations in Hong Kong, the PRC, Japan, Taiwan, Macau,
Australia or other Asian countries (as the case may be) for operating our employment services. For further details of the applicable laws
and regulations that our Group should comply with, please refer to “ Regulations” in this report.

Our Directors confirmed that
all of our seconded employees have been remunerated in accordance with their contracts with us or our in-country partners and the relevant
laws and regulations in Hong Kong, the PRC, Japan, Taiwan, Macau, Australia or other Asian countries (as the case may be) during the years
ended June 30, 2025, 2024 and 2023, and up to the date of this report had been complied with.

Service fees of our employment services

The basic service fees of
our employment services are generally calculated based on an agreed percentage of the seconded employee’s monthly remuneration package
at the currency which the remuneration is paid during the years ended June 30, 2025, 2024 and 2023. The seconded employee’s remuneration
package generally includes the monthly salary, bonus, commission, insurance, social security and housing provident funds. In some cases,
we may agree to charge a fixed fee with our channel customers or our end-users. The monthly remuneration package of each seconded employee
may vary from month to month, hence the payroll funds we handle for each end-user (which may include monthly salary of seconded employees
plus other payments (e. g. commission and bonus) and contributions (e.