Company: TOP
Filing Date: 2025-08-13
Form Type: 20-F
Source: 0001213900-25-075728
Chunk: 47

Company: TOP Financial Group Ltd
Filing Date: 2025-08-13
Form: 20-F
Item: Item 6
Chunk 47
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 defined in Item 404 of Regulation S-K under the Securities Act;  
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  discussing the annual audited financial statements with management and the independent registered public accounting firm;  

  reviewing major issues as to the adequacy of our internal controls and any special audit steps adopted in light of material control deficiencies;  

  annually reviewing and reassessing the adequacy of our audit committee charter;  

  meeting separately and periodically with management and the independent registered public accounting firm; and  

  reporting regularly to the board.  

Compensation Committee. Our compensation committee consists of Mr. Anthony S. Chan, Ms. Mei Cai, and Mr. Mau Chung Ng and will be chaired by Mr. Mau Chung
Ng. Mr. Anthony S. Chan and Ms. Mei Cai each satisfies the “independence” requirements of Rule 5605 of the Corporate Governance
Rules of Nasdaq Stock Market. The compensation committee will assist the board in reviewing and approving the compensation structure,
including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present
at any committee meeting during which his compensation is deliberated upon. The compensation committee will be responsible for, among
other things:

  reviewing the total compensation package for our executive officers and making recommendations to the board;  

  reviewing the compensation of our non-employee directors and making recommendations to the board with respect to it; and                                                                      
  periodically reviewing and approving any long-term incentive compensation or equity plans, programs or similar arrangements, annual bonuses, and employee pension and welfare benefit plans.  

Nominating and
Corporate Governance Committee. Our nominating and corporate governance committee consists of Mr. Anthony S. Chan, Mr. Mau Chung
Ng and Ms. Mei Cai and will be chaired by Ms. Mei Cai. Mr. Mau Chung Ng and Mr. Anthony S. Chan each satisfies the “independence”
requirements of Section Rule 5605 of the Corporate Governance Rules of Nasdaq Stock Market. The nominating and corporate governance committee
will assist the board in selecting individuals qualified to become our directors and in determining the composition of the board and its
committees. The nominating and corporate governance committee will be responsible for, among other things:

  recommending nominees to the board for election or re-election to the board, or for appointment to fill any vacancy on the board;  

  reviewing annually with the board the current