Galaxy Payroll Group Ltd., a holding company incorporated in the British Virgin Islands, is offering the shares in this IPO. Our principal executive offices are in Hong Kong.

As a holding company with no operations, we are not a Chinese operating company. Our operations are conducted by our Operating Entities, which are our indirect wholly owned subsidiaries, Galaxy Payroll Services Limited (“Galaxy Payroll (HK)”), Galaxy GEO Services Limited (“Galaxy GEO Services”), Galaxy Corporate Management Consultancy (Shenzhen) Limited (“Galaxy HR (SZ)”), Galaxy Human Resources Limited (“Galaxy HR (TW)”), and Galaxy Recursos Humanos (Macau) Limitada (“Galaxy HR (Macau)”).

In addition to outsourced payroll services, our subsidiaries also offer employment services, market research services and consulting services to companies in the retail, trading, industrial, financial, professional services, IT and healthcare industries.  

*Note: Revenue and net income are in U.S. dollars for the year ended June 30, 2022.

(Note: Galaxy Payroll Group Ltd. disclosed in an F-1/A filing dated April 10, 2024, that its sole book-runner is R.F. Lafferty &  Co. – a change from Prime Number Capital.)

(Note: Galaxy Payroll Group Ltd. cut its IPO’s size to 2.0 million shares – down from 2.5 million shares – and cut the assumed IPO price to $4.00 – down form $5.00 –  to raise $8.0 million, according to an F-1/A filing dated Oct. 17, 2023.

(Background: Galaxy Payroll Group Ltd. cut its IPO’s size in an F-1/A dated Aug. 1, 2023, to 2.5 million ordinary shares – down from 4.0 million shares – and set the assumed IPO price at $5.00 – to raise $12.5 million. The company had not previously set an assumed IPO price or a price range. Background: Galaxy Payroll Group Ltd. filed its F-1 dated Dec. 28, 2022, for its IPO: 4.0 million ordinary shares to be offered by the company and the IPO price range was not disclosed. The selling stockholder will sell 960,000 shares. The company will NOT receive any proceeds from the sale of the selling stockholder’s shares.)

(Note – From the prospectus: “On December 19, 2022, the Company filed Amended and Restated Charter with the Registrar to increase our authorized shares from 50,000 Ordinary Shares, par value of US$1 per share, to unlimited number of Ordinary Shares, par value of US$0.000625 per share and effectuated a forward split of all issued and outstanding shares at a ratio of 1,600:1.”)