Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 167

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 167
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 obligation         $                           124,927      $           38,215      $           $                 $      
  Total contractual obligations      $                           124,927      $           38,215      $           $                 $      

Future Financings

The Group may offer its Ordinary
Shares in order to fund its business growth. Issuances of additional shares will result in dilution to existing shareholders. There is
no assurance that the Group will achieve sales of the equity securities or arrange for debt or other financing to fund its growth in case
it is necessary, or if the Group is able to do so, there is no guarantee that existing shareholders will not be substantially diluted.

On July 11, 2025, the Group
has entered into a Securities Purchase Agreement (“ SPA”) with certain entities named therein (each an “ Investor,”
and collectively, the “ Investors”), pursuant to which the Investors agreed to subscribe, and the Group agreed to issue and
sell an aggregate of 15,000,000 Class A ordinary shares, each with a par value of US$0.000625, (“ PIPE Shares”) through a private
investment in public equity (“ PIPE”), at a price of US$0.33 per Class A Ordinary Share. Concurrently with the signing of the
SPA, the Group also entered into a Registration Rights Agreement (“ RRA”) with the Investors, pursuant to which the Group agrees
to provide certain registration rights with respect to the PIPE Shares. The closing of the PIPE is subject to the satisfaction of certain
customary closing conditions as stipulated in the SPA.

On September 12, 2025, the
Company entered into a certain amendment (the “ Amendment”) to the Purchase Agreement in accordance with the terms of the Purchase
Agreement. Pursuant to the Amendment, the Group and the Investor agreed to amend and restate that (i) the par value of the Group’s
ordinary shares is revised to $0.00625, resulting from the Group’s 1-for-10 share consolidation effected on September 8, 2025
(the “ Share Consolidation”); (ii) the purchase price is revised to $0.2178 per share (equivalent to $2.178 after the Share
Consolidation), being 60% of the listed closing price of the Group’s ordinary shares on September 5, 2025.

Research
and Development, Patents and Licenses, etc.

For the two years ended June 30, 202