Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 183

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 8
Chunk 183
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Item
8. Financial Information

  Consolidated Statements          

We
have appended consolidated financial statements filed as part of this report.

Legal
Proceedings

As
of the date of this report, we are not a party to, and we are not aware of any threat of, any legal proceeding that, in the opinion of
our management, is likely to have a material adverse effect on our business, financial condition or operations.

Dividend
Policy

Our
board of directors has discretion on whether to distribute dividends. In addition, our shareholders may by ordinary resolution declare
a dividend, but no dividend may exceed the amount recommended by our board of directors. In either case, all dividends are subject to
certain restrictions under BVI law, namely that the company may only pay dividends if the value of our assets exceeds our liabilities
and we are able to pay our debts as they become due. Even if we decide to pay dividends, the form, frequency and amount will depend upon
our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other
factors that the board of directors may deem relevant.

We
do not have any present plan to pay any cash dividends on our Ordinary Shares in the foreseeable future after this offering. We currently
intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business.

We
are a BVI business company with limited liability incorporated in the BVI. We may rely on dividends from our subsidiaries in China for
our cash requirements, including any payment of dividends to our shareholders. PRC regulations may restrict the ability of our PRC subsidiaries
to pay dividends to us. If we pay any dividends on our Ordinary Shares, As a holding company, we will be dependent on receipt of funds
from the subsidiaries. Cash dividends on our Ordinary Shares, if any, will be paid in U. S. dollars.

Cash
dividends, if any, on our Ordinary Shares will be paid in U. S. dollars.

  Significant Changes  
 ───────────────────────

Except
as disclosed elsewhere in this report, we have not experienced any significant changes since the date of our audited consolidated financial
statements included in this annual report.

Item
9. The Offer and Listing.