Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 22

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 22
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 accounts in total, including 12 accounts for
futures trading, 14 accounts for securities trading, nil accounts for structured notes subscriber services, and nil accounts for trading
solution services.

Our Operating Subsidiaries conduct the futures
and stock brokerage business through three trading platforms, Esunny for futures trading, 2GoTrade and Longbridge for stock trading,
all of which were licensed from third parties and can be easily accessed through our application, or APP, software, and websites. The
three platforms are designed to empower our clients to enjoy a seamless, efficient, and secure trading platform. The Operating Subsidiaries
offer our customers comprehensive brokerage and value-added services, including trade order placement and execution, account management,
and customer support. Given the importance of trading systems in our services, the Operating Subsidiaries strive to continuously enhance
our IT infrastructure.

WIN100 Wealth engages in the OTC Derivatives
trading services business and considered setting the business. WIN100 Wealth entered into ISDA master agreements and related supplementary
agreements with some of the top OTC Derivatives traders. When clients placed an order for OTC Derivatives trades on certain stock, WIN100
Wealth placed the same order back-to-back with the OTC Derivatives traders for execution and WIN100 Wealth also facilitate client’s
OTC Derivatives trading when an offsetting transaction from another client is not available, WIN100 Wealth may choose to act as a principal
(i.e. market maker) to trade with the client. This type of transactions gives the potential to generate significant revenues from trading
profit if the market develops in favor of company’s position.

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Winrich is a licensed money lending company
governed by the Money Lenders Ordinance in Hong Kong. According to the Money Lenders Ordinance, customers shall enter into agreement
with Winrich in person and provide their personal information for the “know your client” purposes, or KYC. In fiscal year
2024, 3 customers entered into lending agreements with Winrich. In the six months ended September 30, 2024, 6 customers entered into
lending agreements with Winrich. Winrich disbursed loans to customers for a fixed period and charged interest from the customers. The
principal and interest are repayable upon the maturity of the loans. We recognized interest income using straight-line method over loan
period.

During the six months ended September 30,
2024 and