Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 69

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 69
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 in different regions; (ii) end-users which are mainly multinational companies/organizations that outsource their
payroll and/or employment functions to us directly; and (iii) end-users consult us for their future expansion worldwide. Galaxy HR (SZ),
Galaxy Payroll (HK), Galaxy HR (TW) and Galaxy HR (Macau) provide payroll outsourcing services in the PRC, Hong Kong, Taiwan and Macau;
and Galaxy Payroll (HK), Galaxy Solutions Partner, Galaxy HR (TW) and Galaxy HR (Macau) provide employment services in the PRC, Hong Kong,
Japan, Taiwan and Macau. End-users of our services may either be (i) our indirect customers engaging us through channels; or (ii) our
direct customers.

Our Competitive Strengths

We believe the following
competitive strengths differentiate us from our competitors:

We are a reputable in-country payroll outsourcing
and employment service provider engaged by multinational channels and end-users from different industries.

We have built up our reputation in providing in-country payroll outsourcing
services and employment services in the PRC and Hong Kong since our establishment. End-users of our services may either be (i) our indirect
customers engaging us through our various channels; or (ii) our direct customers. During the years ended June 30, 2025, 2024 and 2023,
end-users of our services included mainly multinational companies/engaging in a wide variety of industries. For payroll outsourcing services,
a majority of our end-users during the years ended June 30, 2025, 2024 and 2023 engaged in the retail and trading, industrial, IT, financial
and professional services industries. For employment services, a majority of our end-users during the years ended June 30, 2025, 2024
and 2023 engaged in the IT, retail and trading, industrial, professional institution and education and healthcare industries. We
believe that our reputation established in the industry has given our customers and end-users confidence in engaging our Group, and the
chance of being replaced by our market players is relatively low.

We have well-established business relationships
with our customers.

A company’s payroll
function is highly confidential in nature. Large companies including multinational companies/organizations with small employment scale
(e. g. less than 15 employees) in their overseas subsidiaries and with limited knowledge of local employment regulations, tend to outsource
their payroll function to independent service providers whom they can rely on to avoid the confidential information being