Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 179

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 6
Chunk 179
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 to time. We may terminate an executive officer’s employment under
Hong Kong Labor Law and under other applicable laws and regulations.

Each
executive officer has agreed during and after the termination or expiry of his or her employment agreement, not to reveal to any person
or use all information, know-how and records that is confidential or not, which may come to their knowledge during their employment,
except as authorized or required by their duties to do so. The restriction shall cease to apply to information or knowledge which may
come into the public domain.

  Employees  

Please
refer to “ Item 4. Information on the Company - B. Business Overview - Employees.”

  Share Ownership  

The following table sets forth information regarding the beneficial
ownership of our Class A Ordinary Shares and Class B Ordinary Shares as of the date of this report by our officers, directors, and 5%
or greater beneficial owners of Class A Ordinary Shares and Class B Ordinary Shares. There is no other person or group of affiliated persons
known by us to beneficially own more than 5% of our Class A Ordinary Shares and Class B Ordinary Shares. Holders of Class A Ordinary Shares
and holders of Class B Ordinary Shares are entitled to one vote per share and fifty votes per share respectively. All holders of Class
A and Class B Ordinary Shares vote together as a single class on all matters submitted to a shareholder vote, unless otherwise required
by law.

We
have determined beneficial ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of
securities to persons who possess sole or shared voting power or investment power with respect to those securities. The person is also
deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Unless
otherwise indicated, the person identified in this table has sole voting and investment power with respect to all shares shown as beneficially
owned by him or her, subject to applicable community property laws.

 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Directors and executive officers (1)                                                                                                 
  Directors and executive officers                                                                                                     
  Wai Hong Lao (2)                                          120,000       8.3      120,000      33.3      240,000      13.3      31.5  
  Yiu Kong Kenneth But (3)                                  120,000       8.3      120,000