Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 76

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 76
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 courts of the United States.

Substantially all of our assets are located
in Hong Kong. In addition, two of our seven directors and officers, Anthony S. Chan and Mei Cai, are nationals and/or residents of the
United States. The other five of our directors and officers, Junli Yang, Mau Chung Ng, Ka Fai Yuen, Yung Yung Lo, and Jennifer Hoi Ling
Tam, are nationals and/or residents of Hong Kong, and all or a substantial portion of such persons’ assets are located outside
the United States. As a result, it may be difficult for investors to effect service of process within the United States upon these persons
or to enforce against us or them, judgments obtained in United States courts, including judgments predicated upon the civil liability
provisions of the securities laws of the United States or any state thereof.

TFGL has appointed Cogency Global Inc. as
the agent to receive service of process with respect to any action brought against us under the securities laws of the United States.
Cogency Global Inc. will also be engaged by theofficers and directors who are residents of a foreign countryto accept service for any action under the civil liability provisions of the U.S. federal securities laws
against such officers and directors.

We have been advised by Harney Westwood &
Riegels, our counsel as to Cayman Islands law, that there is uncertainty as to whether the courts of the Cayman Islands would (1)
recognize or enforce judgments of U.S. courts obtained against us or our directors or officers that are predicated upon the civil liability
provisions of the federal securities laws of the United States or the securities laws of any state in the United States, or (2) entertain
original actions brought in the Cayman Islands against us or our directors or officers that are predicated upon the federal securities
laws of the United States or the securities laws of any state in the United States.

Harney Westwood & Riegels has further
informed us that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal or state courts
of the United States (and the Cayman Islands are not a party to any treaties for the reciprocal enforcement or recognition of such judgments),
the Grand Court of the Cayman Islands will at common law enforce final and conclusive in personam judgments of state and/or federal
courts of the United States of America (the “Foreign Court”) of a debt or definite sum of money