Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 80

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 80
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 record, the scope of which includes (i) conducting payroll calculations; (ii) arranging for salary payment;
(iii) maintaining payroll records; (iv) conducting computation of the amounts of contributions to be paid for MPF in Hong Kong, social
security, housing provident funds and individual income tax in the PRC and any other deductions required to be made under the laws of
the respective jurisdictions; (v) administering employment-related insurances such as employee compensation insurance in Hong Kong and
national health insurance in Taiwan covering our seconded employees; (vi) preparing and filing employment-related tax returns; (vii) making
MPF payments; and (viii) providing pay slips. As the employer of record of the seconded employees, we or our in-country partners (as the
case may be) are responsible for payment of the long service payment, leave entitlement, staff benefits, severance payment and other employees’
entitlements as prescribed by the applicable laws and regulations, by utilizing the payroll funds provided by our end-users. Upon our
end-users’ requests, we also acquire life insurance, health insurance and travel insurance for our seconded employees in Hong Kong.

As of the date of this report,
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 and other Asian countries where appropriate. As confirmed by our Directors, during the years ended
June 30, 2025, 2024 and 2023, our Group provided employment services in the PRC through our in-country partners for certain overseas end-users
which did not have business entities in the PRC and were unable to hire any personnel in the PRC on their own in the absence of a PRC
entity. Such arrangement was in compliance in material respects with the relevant laws and regulations in the PRC. According to the Administrative
Measures on the Registration of Foreign (Regional) Enterprises Engaged in Production and Operation Activities in China (2017 Revision),
foreign enterprises are not allowed to engage in production and operation activities in the PRC without the approval of the relevant authority
and the registration authority. The engagement of our Group by end-users which did not have business entities in the PRC during their
preparatory stage of setting up their entities in the PRC to provide employment services for them through in-country partners is unlikely
to constitute engaging in production and operation activities without permissions or approvals and therefore, was in