Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 91

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4
Chunk 91
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, Japan, Taiwan, Macau, Australia and other Asian countries may hinder end-users from hiring overseas
employees and may lead to termination of projects or delay in the implementation of new projects.

Our Directors believe that
the possible termination of projects and the delay in project implementation are not expected to result in recurrent losses or fundamental
deterioration of the commercial or operational viability of our Group and will not adversely affect our Group’s sustainability.

Considering the latest development
of the outbreak of COVID-19 in the PRC, Hong Kong, Japan, Taiwan, Macau, Australia and other Asian countries, our Directors believe that
our Group may not have to temporarily suspend the provision of payroll outsourcing services and employment services in the PRC, Hong Kong,
Japan, Taiwan, Macau, Australia and other Asian countries.

HEALTH AND WORK SAFETY MATTERS

Our Directors believe that
our business operation does not involve substantial risks relating to health and work safety matters.

In view of the outbreak of
COVID-19, our Group has formulated our business contingency plan (“ BCP”) in February 2020. As part of our Group’s BCP,
our Group sets out measures to ensure safety of our internal employees, safety within our Group’s premises and business continuity
in the event of disaster caused by factors beyond our Group’s control. These measures include, inter alia, monitoring
our internal employees, ensuring good personal hygiene practices are adopted by our internal employees, temperature screening, limiting
social contact within and outside of our workspace and cleaning our office premises. Our Group has also taken measures to maintain sufficient
stock for personal protective equipment, hand sanitizer and disinfectant products. As of the date of this report, our Group had incurred
approximately HKD40,000 (US$5,121) to implement the above measures.

ENVIRONMENTAL MATTERS

Because of our business nature,
no material pollutant is produced, emitted or discharged during the course of provision of our payroll outsourcing services and employment
services. As such, we are not subject to any specific rules and regulation in relation to the environmental protection matters.

INSURANCE

As of the date of this report,
we maintained life insurance, health insurance and employees’ compensation insurance, in accordance with the Employees’ Compensation
Ordinance (Chapter 282 of the Laws of Hong Kong), for our internal employees in Hong Kong. As of the date of this report, we maintained
health insurance and employees’ compensation insurance in accordance with the Employees’ Compensation Ordinance (Chapter