Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 72

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 72
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 The applicable prospectus supplement will describe
the terms of the offering of the securities, including:

| ● | the name or names of any underwriters, if any, and                                                                  
 if required, any dealers or agents, and the amount of securities underwritten or purchased by each of them, if any; |

| ● | the public offering price or purchase price of the                             
 securities from us and the net proceeds to us from the sale of the securities; |

| ● | any underwriting discounts and other items constituting 
 underwriters’ compensation;                             |

| ● | any discounts or concessions allowed or re-allowed 
 or paid to dealers; and                            |

| ● | any securities exchange or market on which the securities 
 may be listed.                                            |

We may distribute the securities from time to
time in one or more transactions at:

| ● | a fixed price or prices, which may be changed; |

| ● | market prices prevailing at the time of sale; |

| ● | varying prices determined at the time of sale related 
 to such prevailing market prices; or                  |

| ● | negotiated prices. |

Only underwriters named in the prospectus supplement
will be underwriters of the securities offered by the prospectus supplement.

If we use underwriters in the sale, the underwriters
will either acquire the securities for their own account and may resell the securities from time to time in one or more transactions
at a fixed public offering price or at varying prices determined at the time of sale, or sell the Shares on a “best efforts, minimum/maximum
basis” when the underwriters agree to do their best to sell the securities to the public. We may offer the securities to the public
through underwriting syndicates represented by managing underwriters or by underwriters without a syndicate. Any public offering price
and any discounts or concessions allowed or re-allowed or paid to dealers may change from time to time.

If we use a dealer in the sale of the securities
being offered pursuant to this prospectus or any prospectus supplement, the securities will be sold directly to the dealer, as principal.
The dealer may then resell the securities to the public at varying prices to be determined by the dealer at the time of resale.

Our Class A ordinary shares are listed on the
Nasdaq Capital Market. Unless otherwise specified in the related prospectus supplement, all securities we offer, other than Class A ordinary
shares, will be new issues of securities with no established trading market. Any underwriter may