Galaxy Payroll Group Regains Nasdaq Compliance Ahead of Schedule

Galaxy Payroll Group Limited has successfully regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the prestigious stock exchange. The payroll outsourcing provider received notification from Nasdaq on March 17, 2025, that its ordinary shares had failed to maintain the required minimum bid price of $1.00 over the previous 30 consecutive business days, putting its listing status at risk.

The company implemented active measures to address the compliance issue, resulting in its ordinary shares maintaining a closing bid price of $1.00 per share or greater for 10 consecutive business days from September 8 through September 19, 2025. Nasdaq has formally notified the company that it has regained compliance with Listing Rule 5550(a)(2), effectively closing the matter. Chief Executive Officer Wai Hong Lao emphasized that the company achieved compliance well ahead of the stipulated deadline, attributing the positive momentum to growing confidence in the business strategy and operational execution.

This compliance achievement holds significant implications for HR technology vendors and service providers monitoring market stability among industry peers. Galaxy Payroll Group's successful navigation of listing requirements demonstrates the importance of proactive management in maintaining investor confidence during challenging market conditions. For vendors operating in the competitive HR outsourcing space, this development signals that established players can effectively address regulatory challenges while maintaining focus on long-term growth objectives.

The company continues to operate as a leading payroll outsourcing service provider based in Hong Kong, specializing in delivering HR and payroll solutions to multinational companies across various industries. With operations spanning Hong Kong, Taiwan, Macau, and the PRC, Galaxy Payroll Group maintains its commitment to driving sustainable value for shareholders. Additional information about the company's services is available at https://www.galaxyapac.com.

For the broader HR industry, this compliance milestone reinforces the importance of financial stability among service providers that multinational corporations rely upon for critical payroll functions. The successful resolution of listing compliance issues suggests that Galaxy Payroll Group has strengthened its market position, potentially influencing partnership decisions for HR vendors seeking stable, publicly-traded collaborators. The company's ability to regain compliance ahead of schedule may signal underlying operational strength that could translate into competitive advantages in serving multinational clients across the Asia-Pacific region.