- **Galaxy Payroll Group Limited (GLXG)** has **regained compliance** with the Nasdaq Minimum Bid Price Requirement.  **[1905920_0001213900-25-090466_ea0258446-6k_galaxy.htm:0]** **[1905920_0001213900-25-090466_ea025844601ex99-1_galaxy.htm:0]** 
- The company was initially notified on **March 17, 2025**, that it did not comply with Nasdaq Listing Rule 5550(a)(2) as its bid price closed at less than $1 per share for 30 consecutive business days.  **[1905920_0001213900-25-090466_ea0258446-6k_galaxy.htm:0]** **[1905920_0001213900-25-090466_ea025844601ex99-1_galaxy.htm:0]** 
- Nasdaq formally notified the company on **September 22, 2025**, that it had regained compliance after its closing bid price was **$1.00 per share or greater for 10 consecutive business days** from September 8 to September 19, 2025.  **[1905920_0001213900-25-090466_ea0258446-6k_galaxy.htm:0]** **[1905920_0001213900-25-090466_ea025844601ex99-1_galaxy.htm:0]**

Galaxy Payroll Group Ltd Regains Nasdaq Minimum Bid Price Compliance

- **Galaxy Payroll Group Limited (GLXG)** has been granted an **additional 180-day compliance period** by Nasdaq, extending its deadline to regain the minimum bid price requirement until **March 16, 2026**.  **[1905920_0001213900-25-088819_ea0257733-6k_galaxy.htm:0]** **[1905920_0001213900-25-088819_ea025773301ex99-1_galaxy.htm:0]** 
- The company did not regain compliance with the **$1.00 per share** minimum bid price during the initial 180-day period, which expired on **September 15, 2025**.  **[1905920_0001213900-25-088819_ea0257733-6k_galaxy.htm:0]** **[1905920_0001213900-25-088819_ea025773301ex99-1_galaxy.htm:0]** 
- To meet the requirement, GLXG's ordinary shares must close at **$1.00 or more** for at least **ten consecutive business days** by the new deadline, with the company intending to effect a **reverse stock split** if necessary.  **[1905920_0001213900-25-088819_ea0257733-6k_galaxy.htm:0]** **[1905920_0001213900-25-088819_ea025773301ex99-1_galaxy.htm:0]**

Galaxy Payroll Group Limited Granted Additional Nasdaq Compliance Period

- Galaxy Payroll Group Limited announced a **share consolidation** at a ratio of **ten (10) shares to one (1) share**.  **[1905920_0001213900-25-084070_ea025576101ex99-1_galaxy.htm:0]** 
- The share consolidation will be effective on **September 8, 2025**, and the company's ordinary shares will begin trading on a consolidation-adjusted basis on the Nasdaq Capital Market on the same date.  **[1905920_0001213900-25-084070_ea025576101ex99-1_galaxy.htm:0]** 
- The consolidation will reduce the number of outstanding ordinary shares from **21,615,000 to approximately 2,161,500**.  **[1905920_0001213900-25-084070_ea025576101ex99-1_galaxy.htm:0]** 
- No fractional shares will be issued; instead, shareholders who would have received a fractional share will receive **one full post-Share Consolidation ordinary share**.  **[1905920_0001213900-25-084070_ea025576101ex99-1_galaxy.htm:0]**

Galaxy Payroll Group (GLXG)