Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 72

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 72
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 that the overall payroll outsourcing service industry will continue to grow. At the same time, the overall
employment service industry in the PRC has also seen a significant growth which was mainly attributable to the increasing demand for human
resources outsourcing services resulting from the expansion of enterprises in the PRC. We believe that it is crucial to our business growth
and development to expand our business operation in the payroll outsourcing service industry and employment service industry in the PRC.
As the overall payroll outsourcing service industry and employment service industry in the PRC are highly fragmented, our Directors believe
that our Group is able to capture new business opportunities in the PRC by leveraging our competitive advantages including (i) our well-established
business relationships with our customers; and (ii) our reputation in the payroll outsourcing service industry and employment service
industry among channels and end-users from different industries. Our established relationships with such channel customers serve as solid
foundation for our Group to pursue new business opportunities with them in the PRC.

Given the potential market
growth in the PRC and the demand from our existing customers for services in the PRC, we plan to focus our expansion plan in the PRC.

Expand our service capacity in Hong Kong

Our client account managers
are stationed in Hong Kong. They are responsible for liaising with our channel customers and end-users and coordinating the delivery of
services in the PRC, Hong Kong, Japan, Taiwan, Macau, Australia and other Asian countries. In order to cope with the anticipated expansion
of our Group upon the Listing, we plan to expand our service capacity in Hong Kong by recruiting one additional staff.

The size of our existing
Hong Kong office is approximately 1,900 square feet. Due to the limited space in our existing Hong Kong office, we plan to lease additional
office space of approximately 2,300 square feet to 3,000 square feet in the Central & Western District / Eastern District in Hong
Kong. We expect to secure the additional office space, purchase furniture and equipment and renovate the office by December 31, 2025.

Our Directors believe that
building up a stronger team of client account managers can (i) handle the increased workload resulting from our Group’s planned
expansion; and (ii) enhance our efficiency in delivery of services, which will increase our competitiveness and strengthen our relationship
with our customers.

Develop marketing capability and conduct marketing
campaigns to promote our payroll outsourcing services and employment services to direct end-users

We strive to expand our customer
base