Galaxy Payroll Group Limited (NASDAQ: GLXG), a Nasdaq-listed human resources solutions provider, announced the formal renewal of a five-year strategic cooperation agreement with NIKE China Holding HK Limited (Macau Branch) ("Nike Macau Branch"). The renewed agreement, effective December 1, 2025, through November 30, 2030, covers comprehensive HR outsourcing services, including local 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 enables Nike Macau Branch to concentrate on core retail and brand operations while improving organizational efficiency and compliance management. The renewal reflects continued trust in Galaxy's professional capabilities, compliance standards, and service delivery quality. The multi-year agreement is expected to enhance the Company's 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.
Galaxy has developed deep expertise in Hong Kong and Macau labor laws, taxation, and social security regulations since its establishment in 2013. Through a service framework combining standardized operational processes with customized solutions, Galaxy delivers consistency and scalability. Its proprietary payroll and attendance management platform enhances operational efficiency while supporting data security and business continuity, serving as a key differentiator in attracting multinational enterprise clients.
Throughout prior cooperation phases, Galaxy supported Nike Macau Branch in navigating complex employment and compliance environments. The Company's solutions demonstrated reliability in accuracy, responsiveness, and risk control, providing a solid foundation for this long-term renewal. Looking ahead, Galaxy intends to further optimize payroll workflows and intelligent attendance systems within the existing service framework. Enhanced data integration and periodic management reporting will support the client's efforts toward standardized and digitalized HR 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. This renewal underscores the sustainability of Galaxy's business model and is expected to strengthen its brand presence in the Hong Kong, Macau, and broader Asia-Pacific HR outsourcing markets, serving as a replicable benchmark for multinational retail, sports, and consumer brands.
As global enterprises 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, with the goal of delivering steady and sustainable returns to our shareholders."
