Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 234

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 234
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 unlimited number of                                                               -                          87,694                    11,170  
  Class B Ordinary shares, US$ 0.00625 par value, unlimited number of                                                               -                          17,550                     2,236  
  Subscription receivable                                                                                                    ( 77,630                               -                         -  
  Shares reserved for issuance                                                                                                      -                        ( 17,562                   ( 2,237  
  Additional paid-in capital                                                                                                   40,000                      48,293,749                 6,152,148  
  Retained earnings (accumulated deficit)                                                                                   6,381,130                    ( 21,187,583               ( 2,699,090  
  Accumulated other comprehensive income (loss)                                                                                54,353                        ( 94,606                  ( 12,052  
  Total shareholders’ equity                                                                                                6,475,483                      27,099,242                 3,452,175  
  Total liabilities and shareholders’ equity                                                                 $             26,586,491      $               39,135,372      $          4,985,461  

  Giving retroactive effect to the 1,600 for 1 share split effected on December 19, 2022.                                                                                                               
                                                                                                                                                                                                        
                                                                                                                                                                                                        
                                                                                                                                                                                                        
                                                                                                                                                                                                        
                                                                                                                                                                                                        
  Number of shares divided as 14,412,500 Class A Ordinary Shares with a par value of US$0.000625 per share and 3,600,000 Class B Ordinary Shares with a par value of US$0.000625 per share, were ap...  
                                                                                                                                                                                                        
                                                                                                                                                                                                        
                                                                                                                                                                                                        
  Giving retroactive effect to the 10 for 1                                                                                                                                                             
  reverse share split effected on September 8, 2025.                                                                                                                                                    
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The accompany notes are an integral part of these
consolidated financial statements.

F-3

GALAXY PAYROLL GROUP LIMITED

CONSOLIDATED STATEMENTS OF INCOME/(LOSS) AND COMPREHENSIVE
INCOME/(LOSS)

                                                               For the years ended                                                                                             
                                                               June 30,                                                                                                        
                                                               2023                                       2024                        2025                                     
                                                               HKD                                        HKD                         HKD                                      
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