Galaxy Payroll Group Limited (NASDAQ: GLXG) has formally renewed a five-year strategic cooperation agreement with NIKE China Holding HK Limited (Macau Branch), extending their partnership through November 30, 2030. This renewal represents a significant milestone in the long-standing relationship between the parties and reflects continued trust in Galaxy's professional capabilities, compliance standards, and service delivery quality by a leading international brand. The agreement provides Galaxy with enhanced revenue visibility and cash flow stability over the next five years, aligning with its capital markets strategy of building a high-quality, resilient, and sustainable business model.
Under the renewed agreement, Galaxy will continue to provide Nike Macau Branch with comprehensive human resources outsourcing services including local payroll processing, attendance and leave management, social security and tax compliance filings, and advisory services relating to labor regulations and employment policies. This integrated service model enables Nike Macau Branch to focus on its core retail and brand operations while enhancing overall organizational efficiency and compliance management. The execution of this multi-year agreement is expected to strengthen the Company's brand presence in the Hong Kong, Macau, and broader Asia-Pacific human resources outsourcing markets, while serving as a replicable benchmark case for multinational retail, sports, and consumer brands.
Galaxy's competitive advantage stems from its deep expertise in Hong Kong and Macau labor laws, taxation, and social security regulations developed since its establishment in 2013. The Company has built a strong local compliance foundation through a service framework that combines standardized operational processes with customized solutions, delivering consistency and scalability across its client base. Its proprietary payroll and attendance management platform enhances operational efficiency while supporting data security and business continuity, serving as a key differentiator in attracting and retaining multinational enterprise clients. Throughout prior phases of cooperation, Galaxy has supported Nike Macau Branch in navigating complex employment and compliance environments, demonstrating reliability in accuracy, responsiveness, and risk control.
Looking ahead, Galaxy intends to further optimize payroll workflows and intelligent attendance systems within the existing service framework. Through enhanced data integration and periodic management reporting, the Company aims to support the client's ongoing efforts toward standardized and digitalized human resource management. The parties have also agreed to retain flexibility to expand the scope of services through supplemental agreements, enabling the partnership to evolve in alignment with the client's business development. As global enterprises increasingly prioritize compliance efficiency, cost optimization, and organizational resilience, Galaxy continues to leverage its localized expertise, robust service infrastructure, and high-quality client base to build sustainable long-term growth momentum. The renewal not only represents long-term recognition of Galaxy's professional value but also underscores the sustainability of its business model in the competitive HR solutions landscape.
