Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 148

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 148
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3 to HKD202,640 (US$25,952) in 2024. The increased meal and entertainment expenses incurred during the year is to maintain the Group’s
business performance.

Office premises expenses

Office premises expenses
represented rent paid for the Group’ office facilities in PRC, Hong Kong and Taiwan. Office premises expenses decreased by HKD21,971
or -2%, to HKD1,156,024 (US$148,051) in the year ended June 30, 2024 from HKD1,177,995 in the year ended June 30, 2023. There is no material
fluctuation during the year.

Travelling

Travelling represented the
travelling expenses for the business purpose. Travelling decreased by HKD118,168 or -67%, to HKD57,850 (US$7,409) in the year ended June
30, 2024 from HKD176,018 in the year ended June 30, 2023. The expenses significantly decreased as our management developed the business
in previous year and lowered the travelling costs for the business development in other Asian countries, such as Singapore, Malaysia and
Taiwan.

Staff Costs

Staff costs consisted of
staff salaries, employer’s contribution to pension scheme, staff training, staff allowance, seconded employee costs and recruitment
fee. For the year ended June 30, 2024, staff costs were HKD3,703,148 (US$474,257), increased by HKD1,109,309 or 43% from HKD2,593,839
in the year ended June 30, 2023. Such increase was mainly driven by the increase in the number of sales and marketing staffs in Malaysia
and Singapore, the additional year-end bonus to employees and the yearly salary increments.

Legal and professional fees

Legal and professional fees
included service fees paid to solicitors and any other third-party service providers for professional services. The Group incurred legal
and professional fees in an amount of HKD2,066,956 (US$264,713) in the year ended June 30, 2024 compared to HKD2,195,548 in the year ended
June 30, 2023 with a decline by HKD128,592 or -6%. There is no material fluctuation during the period.

Others

Other expenses included commission
paid to independent third parties, donation to charities and sundry expenses.