Galaxy Payroll Group Limited (NASDAQ: GLXG) has announced the formal renewal of a five-year strategic cooperation agreement with NIKE China Holding HK Limited (Macau Branch) ("Nike Macau Branch"), extending their partnership through November 30, 2030. The agreement, which commenced on December 1, 2025, ensures Galaxy will continue providing comprehensive human resources outsourcing services to Nike Macau Branch, including payroll processing, attendance and leave management, social security and tax compliance filings, and advisory services on labor regulations and employment policies.
This integrated service model is designed to enable Nike Macau Branch to focus on its core retail and brand operations while enhancing organizational efficiency and compliance management. The renewal reflects continued confidence in Galaxy's professional capabilities, compliance standards, and service delivery quality. For Galaxy, the multi-year agreement enhances revenue visibility and cash flow stability over the next five years, aligning with its capital markets strategy of building a resilient and sustainable business model.
Since its establishment in 2013, Galaxy has developed deep expertise in Hong Kong and Macau labor laws, taxation, and social security regulations, forming a strong local compliance foundation. Its proprietary payroll and attendance management platform enhances operational efficiency while supporting data security and business continuity. 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 with the client's business development.
The renewal is expected to strengthen Galaxy's brand presence in the Hong Kong, Macau, and broader Asia-Pacific human resources outsourcing markets, serving as a replicable benchmark case for multinational retail, sports, and consumer brands. As global enterprises increasingly prioritize compliance efficiency, cost optimization, and organizational resilience, Galaxy leverages its localized expertise, robust service infrastructure, and high-quality client base to build sustainable long-term growth momentum. The Company's management commented: "We will continue to place service capability at the core of our growth strategy, deepen strategic cooperation with existing high-quality clients, and proactively expand relationships with multinational and regional enterprises that offer long-term value."
