Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 19

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 19
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1. WIN100 TECH is a Fintech development and IT support company. It provides trading solutions
for clients trading on the world’s major derivatives and stock exchanges. It is a direct subsidiary of ZYTL (BVI) and
an indirect subsidiary of TFGL.

WIN100 WEALTH was formed under the laws of the
British Virgin Islands on July 21, 2021. WIN100 WEALTH borrowed $6 million from TGFL in the form of intra-company loans and invest such
amount in financial products. It is a direct subsidiary of ZYIL (BVI) and an indirect subsidiary of TFGL.

WIN100 MANAGEMENT was formed under the laws
of the British Virgin Islands on March 19, 2024. It does not engage in any material operation. WIN100 MANAGEMENT plans to apply the Approved
Manager from British Virgin Island Financial Services Commission. It is a direct subsidiary of ZYIL (BVI) and an indirect subsidiary
of TFGL.

Winrich was formed under the laws of Hong
Kong on February 24, 2023. It does not engage in any material operation. Winrich plans to apply the Money Lenders License in Hong Kong.
It is a direct subsidiary of ZYFL (BVI) and an indirect subsidiary of TFGL.

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TOP 500 was formed under the laws of Australia on October 22, 2008. TOP 500 owns an Australian Financial Services License (AFSL: 328866). It does not have any material operation as of the date of this prospectus. TOP 500plans to provide financial services in Australia that includes arranging or providing financial advice on financial products such as derivatives, foreign exchange contracts, stock and bond issuance etc. It is a direct subsidiary of ZYAL (BVI) and an indirect subsidiary of TFGL.

TOP ASSET MANAGEMENT was formed under the laws of Singapore on November 28, 2022. It does not engage in any material operation. TOP ASSET MANAGEMENT plans to register with the Monetary Authority of Singapore as a Registered Fund Management Company to carry out Fund Management services. It is a direct subsidiary of ZYXL (BVI) and an indirect subsidiary of TFGL.

TOP FINANCIAL was formed under the laws of Singapore on November 28, 2022. It does not engage in any material operation. TOP FINANCIAL plans to acquire the CMS license from the Monetary Authority of Singapore to carry out regulated activities in Dealing in Capital