Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 185

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 185
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Item
10. Additional Information.

  Share Capital  

Not
applicable.

  Memorandum and Articles of Association  

We
were incorporated as a BVI business company and our affairs will be governed by our Memorandum and Articles of Association, the BVI Business
Companies Act (Revised Edition 2020) and the common law of the British Virgin Islands.

The
following are summaries of the material provisions of our Memorandum and Articles of Association and BVI laws, insofar as they relate
to the material terms of our Ordinary Shares. The forms of our Memorandum and Articles of Association are filed as exhibits to the registration
statement of which this annual report forms a part.

Ordinary
Shares

General

All of our issued Ordinary
Shares are fully paid and non-assessable. Certificates evidencing the Ordinary Shares are issued in registered form. Our shareholders
may freely hold and vote their Ordinary Shares. As of June 30, 2025, there were 1,801,515 Class A Ordinary Shares issued and 1,441,265
Class A Ordinary Shares outstanding and 360,000 Class B Ordinary Shares issued and outstanding.

Distributions

The
holders of our Ordinary Shares are entitled to such dividends as may be declared by our shareholders through ordinary resolutions with
an amount not exceeding the recommendation of Board of Directors subject to the BVI Act 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.

Voting
rights

Pursuant
to our Memorandum and Articles of Association, each Class A Ordinary Share of our Company confers upon the shareholder of our Company:
(a) the right to one vote at a meeting of the Shareholders or on any Resolution of Shareholders; (b) the right to an equal share in any
dividend paid by the Company; and (c) the right to an equal share in the distribution of the surplus assets of the Company on its liquidation.

Pursuant
to our Memorandum and Articles of Association, each Class B Ordinary Share of our Company confers upon the shareholder of our Company:
(a) the right to fifty (50) votes at a meeting of the Shareholders of the Company or on any Resolution of Shareholders; (b) the right
to an equal share in any dividend paid by the Company; (c) the right to an equal share in the distribution of the surplus assets of the
Company on its liquidation; and