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

Galaxy Payroll Group Limited has announced a consolidation of all issued and unissued ordinary shares at a ratio of ten shares to one share, approved unanimously by the company's 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 while increasing the par value per share from US$0.000625 to US$0.00625.

The consolidation applies to both Class A and Class B ordinary shares, with the company's shares continuing to trade on the Nasdaq Capital Market under the symbol "GLXY" but with a new CUSIP number: G37692 111. No fractional shares will be issued in connection with the consolidation, with shareholders receiving one full post-consolidation share instead of any fractional entitlement.

Mr. Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, stated that the share consolidation represents an important step in optimizing the company's capital structure as it positions for future growth opportunities. The action will streamline the share structure while maintaining the proportional rights and economic interests of all shareholders.

This corporate action is significant for investors and the market as share consolidations typically aim to increase the per-share trading price, potentially making the stock more attractive to institutional investors who may have minimum price requirements. The reduction in outstanding shares could also improve earnings per share metrics, though the fundamental value of the company remains unchanged.

For multinational companies relying on payroll outsourcing services, this move by a leading provider like Galaxy Payroll Group indicates strategic positioning for expansion and potential market consolidation. The company operates across Hong Kong, Taiwan, Macau, and mainland China, serving businesses of all sizes with payroll outsourcing, employment services, and consultancy. Additional information is available at https://www.galaxyapac.com.

The timing of this consolidation, coming amid global economic uncertainties, suggests management confidence in the company's future prospects and its ability to navigate challenging market conditions while pursuing growth initiatives in the competitive payroll services sector.