Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 63

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 63
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 consideration was
determined with reference to the paid-up capital of Galaxy Payroll (TW) as of September 30, 2019, which was satisfied by the allotment
and issue of and crediting as fully paid of 1,000 shares of Melkweg BVI to Pine Mountain, 1,000 shares of Melkweg BVI to Agapao Investment
and 1,000 shares of Melkweg BVI to JEAN Oceania, upon the instructions of Galaxy (Seychelles). The above share transfer was legally completed
and settled on January 10, 2020.

C. Galaxy Solutions Partner

On December 12, 2019, Melkweg
BVI was issued with 10,000 shares, representing the entire issued share capital of Galaxy Solutions Partner from Galaxy (Seychelles) at
a consideration of HKD10,000 (US$1,288). The consideration was determined with reference to the paid-up capital of Galaxy Solutions Partner
as of September 30, 2019, which was satisfied by the allotment and issue of and crediting as fully paid of 1,000 shares of Melkweg BVI
to Pine Mountain, 1,000 shares of Melkweg BVI to Agapao Investment and 1,000 shares of Melkweg BVI to JEAN Oceania, upon the instructions
of Galaxy (Seychelles). The above share transfer was legally completed and settled on January 10, 2020.

D. Galaxy Payroll (China) and Galaxy HR (SZ)

Galaxy HR (SZ) is a direct
wholly-owned subsidiary of Galaxy Payroll (China). On December 12, 2019, Melkweg BVI was issued with 10,000 shares, representing the entire
issued share capital of Galaxy Payroll (China) from Galaxy (Seychelles) at a consideration of HKD10,000 (US$1,288). The consideration
was determined with reference to the paid-up capital of Galaxy Payroll (China) as of September 30, 2019, which was satisfied by the allotment
and issue of and crediting as fully paid of 1,000 shares of Melkweg BVI to Pine Mountain, 1,000 shares of Melkweg BVI to Agapao Investment
and 1,000 shares of Melkweg BVI to JEAN Oceania, upon