# EDGAR Filing Document

**Accession Number:** 0001905920
**File Stem:** 0000000000-23-000282
**Filing Date:** 2023-1
**Character Count:** 13331
**Document Hash:** 87e42354e9738744b2de37997529a7b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000282.hdr.sgml**: 20241008

**ACCESSION NUMBER**: 0000000000-23-000282

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230111

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Galaxy Payroll Group Ltd
- **CENTRAL INDEX KEY:** 0001905920
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700]
- **ORGANIZATION NAME:** 07 Trade & Services
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-06131

**BUSINESS ADDRESS:**
- **STREET 1:** 25/F, OVEST, 77 WING LOK STREET
- **STREET 2:** SHEUNG WAN
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 00000
- **BUSINESS PHONE:** 85231052622

**MAIL ADDRESS:**
- **STREET 1:** 25/F, OVEST, 77 WING LOK STREET
- **STREET 2:** SHEUNG WAN
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 00000
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-22-019556

## Text-Extract

```

United States securities and exchange commission logo

                                January 11, 2023

       Wai Hong Lao
       Chief Executive Officer and Director
       Galaxy Payroll Group Ltd
       25th Floor, Ovest
       77 Wing Lok Street
       Sheung Wan, Hong Kong

                                                        Re: Galaxy Payroll
Group Ltd
                                                            Registration
Statement on Form F-1
                                                            Filed December 28,
2022
                                                            File No. 333-269043

       Dear Wai Hong Lao:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form F-1 filed December 28, 2022

       Cover Page

   1.                                                   We note your disclosure
on the resale prospectus cover page that "[t]he closing of this
                                                        offering is conditioned
upon Nasdaq   s final approval of our listing application." Please
                                                        revise your public
offering prospectus cover page to also clarify whether the public
                                                        offering, in addition
to the resale offering, is conditioned on Nasdaq's approval of your
                                                        listing.
       Exhibit Index, page II-5

   2.                                                   We note your response
to comment 3 that "Paragraphs 3.3 and 3.4 of the exhibit 5.1
                                                        referred to the section
entitled "Enforceability of Civil Liabilities" and the section entitled
 Wai Hong Lao
Galaxy Payroll Group Ltd
January 11, 2023
Page 2
         "Taxation"," but we note that counsel does not consent to the
inclusion of its name in such
         sections of the registration statement. Please revise paragraph 5.1 of
exhibit 5.1, which
         appears to be limited to use of counsel's name under the caption
"Legal Matters." Please
         refer to Section IV Staff Legal Bulletin No. 19, Section 7 of the
Securities Act and Rule
         436 of the Securities Act.
General

3.       We note your disclosure on the public offering prospectus cover page
that "[t]he Selling
         Shareholder will sell its Ordinary Shares at a fixed price equal to
the initial public offering
         price in this offering," but your disclosure in the Selling
Shareholder Plan of Distribution
         section states that "sales may be at fixed or negotiated prices."
Please revise to reconcile
         such disclosure and clarify the pricing on your resale prospectus
cover page. Please revise
         as appropriate to also clarify whether such resale offering will be
concurrent with your
         public offering and whether the selling shareholder plans to sell its
shares prior to or after
         the closing of the public offering, as we note your risk factor
disclosure on page 38
         indicates that the selling shareholder may resell their shares in the
public market during
         your public offering. Refer to Item 501(b)(3) of Regulation S-K.
4.       We note your disclosure on page 14 that "[w]e, our directors and
executive officers,
         shareholders of 5% or more of our ordinary shares have agreed with the
underwriter not to
         sell, transfer or dispose of any Ordinary Shares or similar securities
for a period of [] days
         after the date of this prospectus, subject to certain exceptions." We
also note that it
         appears that your selling shareholder, Lucky Partner Enterprises
Limited, would be
         subject to such lock-up provision, as your disclosure on page 125
states that such selling
         shareholder beneficially owns 6% of your shares prior to this
offering. Please revise to
         reconcile such disclosure.
5.     We note your disclosure on page 125 that includes the selling
shareholder in your public
       offering prospectus, as well as your disclosure on page 148 that the
underwriter
       contemplates purchasing a certain number of shares from the selling
shareholder.
       However, your disclosure on page Alt-1 indicates that the selling
shareholder plans to
       offer all 960,000 of its ordinary shares pursuant to the resale
prospectus, which does not
       appear to be an underwritten offering. Please revise throughout the
registration statement
       as appropriate to clarify whether the selling shareholder plans to
participate in the
FirstName LastNameWai Hong Lao
       underwritten offering. Also clarify which prospectus you are referring
to in your
Comapany    NameGalaxy
       disclosure  on pagePayroll
                           Alt-2 ofGroup   Ltd prospectus where you refer to
"this prospectus and
                                     the resale
Januarythe
         11,Resale Prospectus."
             2023 Page  2
FirstName LastName
 Wai Hong Lao
FirstName  LastNameWai
Galaxy Payroll Group LtdHong Lao
Comapany
January 11,NameGalaxy
            2023       Payroll Group Ltd
January
Page 3 11, 2023 Page 3
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact Stephen Kim at 202-551-3291 or Adam Phippen at
202-551-3336 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Brian Fetterolf at 202-551-6613 or Lilyanna Peyser at 202-551-3222 with
any other
questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Trade &
Services
cc:      Elizabeth Fei Chen, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

January 11, 2023

Wai Hong Lao  
Chief Executive Officer and Director  
Galaxy Payroll Group Ltd  
25th Floor, Ovest  
77 Wing Lok Street  
Sheung Wan, Hong Kong

# **Re: Galaxy Payroll Group Ltd  
Registration Statement on Form F-1  
Filed December 28, 2022  
File No. 333-269043**

Dear Wai Hong Lao:

We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Registration Statement on Form F-1 filed December 28, 2022

# Cover Page

1. We note your disclosure on the resale prospectus cover page that '[t]he closing of this offering is conditioned upon Nasdaq's final approval of our listing application.' Please revise your public offering prospectus cover page to also clarify whether the public offering, in addition to the resale offering, is conditioned on Nasdaq's approval of your listing.

# Exhibit Index, page II-5

2. We note your response to comment 3 that 'Paragraphs 3.3 and 3.4 of the exhibit 5.1 referred to the section entitled 'Enforceability of Civil Liabilities' and the section entitled

Wai Hong Lao
Galaxy Payroll Group Ltd
January 11, 2023
Page 2

"Taxation"," but we note that counsel does not consent to the inclusion of its name in such sections of the registration statement. Please revise paragraph 5.1 of exhibit 5.1, which appears to be limited to use of counsel's name under the caption "Legal Matters." Please refer to Section IV Staff Legal Bulletin No. 19, Section 7 of the Securities Act and Rule 436 of the Securities Act.

General

3. We note your disclosure on the public offering prospectus cover page that "[t]he Selling Shareholder will sell its Ordinary Shares at a fixed price equal to the initial public offering price in this offering," but your disclosure in the Selling Shareholder Plan of Distribution section states that "sales may be at fixed or negotiated prices." Please revise to reconcile such disclosure and clarify the pricing on your resale prospectus cover page. Please revise as appropriate to also clarify whether such resale offering will be concurrent with your public offering and whether the selling shareholder plans to sell its shares prior to or after the closing of the public offering, as we note your risk factor disclosure on page 38 indicates that the selling shareholder may resell their shares in the public market during your public offering. Refer to Item 501(b)(3) of Regulation S-K.

4. We note your disclosure on page 14 that "[w]e, our directors and executive officers, shareholders of 5% or more of our ordinary shares have agreed with the underwriter not to sell, transfer or dispose of any Ordinary Shares or similar securities for a period of [ ] days after the date of this prospectus, subject to certain exceptions." We also note that it appears that your selling shareholder, Lucky Partner Enterprises Limited, would be subject to such lock-up provision, as your disclosure on page 125 states that such selling shareholder beneficially owns 6% of your shares prior to this offering. Please revise to reconcile such disclosure.

5. We note your disclosure on page 125 that includes the selling shareholder in your public offering prospectus, as well as your disclosure on page 148 that the underwriter contemplates purchasing a certain number of shares from the selling shareholder. However, your disclosure on page Alt-1 indicates that the selling shareholder plans to offer all 960,000 of its ordinary shares pursuant to the resale prospectus, which does not appear to be an underwritten offering. Please revise throughout the registration statement as appropriate to clarify whether the selling shareholder plans to participate in the underwritten offering. Also clarify which prospectus you are referring to in your disclosure on page Alt-2 of the resale prospectus where you refer to "this prospectus and the Resale Prospectus."

Wai Hong Lao
Galaxy Payroll Group Ltd
January 11, 2023
Page 3

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.

You may contact Stephen Kim at 202-551-3291 or Adam Phippen at 202-551-3336 if you have questions regarding comments on the financial statements and related matters. Please contact Brian Fetterolf at 202-551-6613 or Lilyanna Peyser at 202-551-3222 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services

cc: Elizabeth Fei Chen, Esq.