Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 78

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 78
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 customer and end-user, we will issue an invoice for payment of funds for the employees’
salary and other statutory contributions (if applicable), and an invoice for payment of service fees to our customer. We generally issue
invoices for payroll funds and service fees once a month. Our customers or end-users are required to remit the payroll funds to our designated
bank account at least two working days before dispatch of salary to the end-users’ employees for both direct and indirect end-users.
For payment of service fees, we generally require our customers to settle the payment within 30 to 90 days from the date of invoice. During
the years ended June 30, 2025, 2024 and 2023, our customers or end users generally settled our invoices for payroll funds before dispatch
of salary to the end-users’ employees. During the years ended June 30, 2025, 2024 and 2023, our customers generally settled our
invoices for service fees within the credit period granted by us which was within 30 to 90 days.

Payment of salary (where applicable)

If the end-user requires
our Group to pay the salary to its employees on its behalf, our client account manager will upload the bank file to our internet banking
account and provide the payroll report and fund proof to our finance team for their approval for dispatch of salary. After our finance
team approves payment and payment is completed, a payment confirmation will be sent to the client account manager. The payment confirmation
will then be uploaded to our channel customer’s IT system and sent to our end-user for their records.

Filing and payment of MPF, social security,
housing provident funds and individual income tax (where applicable)

For an end-user that engages
us in Hong Kong, we assist in handling MPF-related matters upon request. After receiving the funds from our customer, we provide the MPF
statement to our customer for its review and signature, and submit the MPF statement with the MPF funds to the MPF provider. For an end-user
who adopts on-line MPF system, we will fill in the monthly MPF information and submit it online on behalf of our end-user. Our Group will
then make the MPF payment to the MPF provider. After payment, our Group will provide the MPF payment proof to the channel customer and
end-user for their records.

For an end-user that engages
us in the PRC, we assist in handling social security, housing provident funds and