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

Company: TOP Financial Group Ltd
Filing Date: 2025-08-13
Form: 20-F
Item: Item 4A
Chunk 13
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 price mark-ups over the price
offered by an exchange vary depending on the underlying product.

iii). automatically roll-over currency positions
each day and provide either a credit or debit for the interest rate difference between the two currencies in the pairs being held. The
clients’ debits are our gains.

Trust Services

We are in progress of establishing our trust services
business in Hong Kong to provide family trust solutions, encompassing company formation, trust establishment and trust management. We
intend to charge one-off trust establishment fees and annual administrative fees for our trust services in accordance with the trust service
agreements that we will enter into with our clients.

Investor Relations and Marketing Services

We are in progress of establishing our investor
relations and marketing services business to help companies manage their ongoing relationships with shareholders and market their brand.
Through creating a corporate account, our corporate clients can livestream their earnings release and product launch campaigns, post business
milestones and advertisements, and interact directly with our users. Therefore, we will be able to provide a direct channel for our corporate
clients to communicate with their existing and prospective investors and increase their brand and product awareness.

Corporation and Fund Consultancy

We intend to provide professional advisory services
on pre-IPO or funds setup for clients in Hong Kong and other jurisdictions. By providing our advice and expertise, we can safely guide
our clients through the dynamics of operating and advancing their business in an environment where there is no predefined answer for management.

Asset Management Services

Based on our clients’ different needs, we
plan to provide personalized investment strategies to optimize their asset allocations. Our clients can purchase a wide variety of investment
portfolios, which include assets such as stocks, bonds, ETFs, investment funds and derivatives. We charge management fees based on their
assets under management as well as commissions for certain transactions.

Our ability to provide stable and low-latency
trading platforms to our customers

As an online brokerage service provider, we attract
new customers and retain our existing customers by providing them with stable and low-latency trading platforms. Especially when the market
is volatile and high trade volume is expected, we are able to avoid delays in execution of customers’ trading orders and assist
the customers to accomplish their investment plan.

Our plan to maintain our quality trading platform
involves keeping our system hardware and software up to date, conducting regular stress tests, and providing IT training to our staff.
We also plan to have regular meetings with our network provider to ensure the stability of internet