The unaudited condensed consolidated
financial statements reflect the activities of each of the following entities:
| Name | | Background | | Ownership | | Principal activities |
| Galaxy Payroll Group Limited (“Galaxy Payroll BVI”) | | ● Located in the British Virgin Islands (“BVI”)
● Incorporated on August 26, 2021 | | - | | Investment holding |
| | | | | | | |
| Melkweg Holdings Limited (“Melkweg Cayman”) | | ● Located in the Cayman Islands
● Incorporated on October 31, 2019 | | 100% directly owned by Galaxy Payroll BVI | | Investment holding |
| | | | | | | |
| Melkweg Holdings (BVI) Limited (“Melkweg BVI”) | | ● Located in the BVI
● Incorporated on November 5, 2019 | | 100% directly owned by Melkweg Cayman | | Investment holding |
| | | | | | | |
| Galaxy Payroll Services Limited (“Galaxy Payroll (HK)”) | | ● Located in Hong Kong
● Incorporated on February 21, 2013 | | 100% owned by Melkweg BVI | | Provision of payroll outsourcing and employment services |
| | | | | | | |
| Galaxy Recursos Humanos (Macau) Limitada (“Galaxy HR (Macau)”) | | ● Located in Macau
● Incorporated on July 26, 2016 | | 98% owned by Galaxy Payroll (HK) and 2% owned by Galaxy Solutions Partner | | Provision of payroll outsourcing services |
| | | | | | | |
| Galaxy Payroll (Taiwan) Limited (“Galaxy Payroll (TW)”) | | ● Located in Hong Kong
● Incorporated on December 31, 2018 | | 100% owned by Melkweg BVI | | Investment holding |
| | | | | | | |
| Galaxy Human Resources Limited (“Galaxy HR (TW)”) | | ● Located in Taiwan
● Incorporated on March 21, 2018 | | 100% owned by Galaxy Payroll (TW) | | Provision of employment services |
| | | | | | | |
| Galaxy Solutions Partner Limited (“Galaxy Solutions Partner”) | | ● Located in Hong Kong
● Incorporated on February 5, 2013 | | 100% owned by Melkweg BVI | | Provision of employment services (acting as employer of record) |
| | | | | | | |
| Galaxy Payroll (China) Limited (“Galaxy Payroll (China)”) | | ● Located in Hong Kong
● Incorporated on October 24, 2017 | | 100% owned by Melkweg BVI | | Investment holding |
| | | | | | | |
| Galaxy Corporate Management Consultancy (Shenzhen) Limited (“Galaxy HR (SZ)”) | | ● Located in People’s Republic of China (“PRC”)
● Incorporated on February 21, 2013 | | 100% owned by Galaxy Payroll (China) | | Provision of payroll outsourcing and employment services |