Company: TOP
Filing Date: 2025-08-13
Form Type: 20-F
Source: 0001213900-25-075728
Chunk: 57

Company: TOP Financial Group Ltd
Filing Date: 2025-08-13
Form: 20-F
Item: Item 10
Chunk 57
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 of their number to be the chairman of the meeting.

A corporation that is a shareholder shall be deemed
for the purpose of our amended and restated memorandum and articles of association to be present at a general meeting in person if represented
by its duly authorized representative. This duly authorized representative shall be entitled to exercise the same powers on behalf of
the corporation which he represents as that corporation could exercise if it were our individual shareholder.

Meetings of Directors

The business of our company is managed by the
directors. Our directors are free to meet at such times and in such manner and places within or outside the Cayman Islands as the directors
determine to be necessary or desirable. The quorum necessary for the transaction of the business of the directors may be fixed by the
directors, and unless so fixed, if there be more than two directors shall be two, and if there is only one director shall be one. An action
that may be taken by the directors at a meeting may also be taken by a resolution of directors consented to in writing by all of the directors.

Winding Up

If we are wound up and the assets available for
distribution among our shareholders are more than sufficient to repay the whole of the paid-up capital at the commencement of the winding
up, the excess shall be distributable among those shareholders in proportion to the capital paid up at the commencement of the winding
up on the shares held by them respectively. If we are wound up and the assets available for distribution among the shareholders as such
are insufficient to repay the whole of the paid up capital, such assets shall be distributed so that, as nearly as may be, the losses
shall be borne by the shareholders in proportion to the capital paid up at the commencement of the winding up on the shares held by them,
respectively. If we are wound up, the liquidator may with the sanction of a special resolution and any other sanction required by the
Companies Act, divide among our shareholders in specie or kind the whole or any part of our assets (whether they shall consist of property
of the same kind or not), and may, for such purpose, set such value as the liquidator deems fair upon any property to be divided and may
determine how such division shall be carried out as between the shareholders or different classes of shareholders.

The liquidator may with the like sanction also vest the whole or any
part of these assets in trusts for the benefit of the shareholders as the liquidator shall, with the like sanction,