Galaxy Payroll Group Announces 10:1 Share Consolidation to Optimize Capital Structure

Galaxy Payroll Group Limited (Nasdaq: GLXG) has announced a consolidation of all issued and unissued ordinary shares at a ratio of ten shares to one share of the same class, approved unanimously by the Board of Directors. The Share Consolidation, effective September 8, 2025, will reduce the number of outstanding ordinary shares from 21,615,000 to approximately 2,161,500, with no fractional shares issued; instead, shareholders entitled to fractional shares will receive one full post-consolidation share.

The consolidation applies to both Class A and Class B ordinary shares, increasing the par value per share from US$0.000625 to US$0.00625, and the company's shares will continue trading on the Nasdaq Capital Market under the symbol "GLXY" but with a new CUSIP number. This move is part of optimizing the capital structure to position the company for future growth, as stated by Chairman and CEO Mr. Wai Hong Lao, who emphasized that it streamlines the share structure while preserving shareholder rights and economic interests. The company's memorandum and articles of association will be amended to reflect these changes, in accordance with the British Virgin Islands Business Companies Act.

For more details, visit the company's website at https://www.galaxyapac.com.