Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 49

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 49
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  the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations in respect to a security registered under the Exchange Act;                                      
  the sections of the Exchange Act requiring insiders to file public reports of their stock ownership and trading activities and liability for insiders who profit from trades made in a short peri...  
  the selective disclosure rules by issuers of material nonpublic information under Regulation FD.                                                                                                      

We will be required to file
an annual report on Form 20-F within four months of the end of each fiscal year. Press releases relating to financial results and material
events will also be furnished to the SEC on Form 6-K. However, the information we are required to file with or furnish to the SEC will
be less extensive and less timely compared to that required to be filed with the SEC by U. S. domestic issuers. As a result, you may not
be afforded the same protections or information that would be made available to you were you investing in a U. S. domestic issuer.

As a foreign private issuer, we are permitted
to adopt certain home country practices in relation to corporate governance matters that differ significantly from Nasdaq corporate governance
listing standards. These practices may afford less protection to shareholders than they would enjoy if we complied fully with Nasdaq corporate
governance listing standards.

As a foreign private issuer,
we are permitted to take advantage of certain provisions in the Nasdaq rules that allow us to follow our home country law for certain
governance matters. Certain corporate governance practices in our home country, the British Virgin Islands, may differ significantly from
corporate governance listing standards. Currently, we plan to rely on some home country practices with respect to our corporate governance.
However, if we choose to follow home country practices in the future, our shareholders may be afforded less protection than they would
otherwise enjoy under the Nasdaq corporate governance listing standards applicable to U. S. domestic issuers.

BVI companies may not be able to initiate
shareholder derivative actions, thereby depriving shareholders of the ability to protect their interests.

Shareholders of BVI companies
may not have standing to initiate a shareholder derivative action in a federal court of the United States. Shareholders of a BVI
company could, however, bring a derivative action in the BVI courts, and there is a clear statutory right to commence such derivative
claims under Section 184C of the BVI Act. The circumstances in which any such action may be brought,