Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 34

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 34
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11.6 million (equivalent to US$1.5 million) to the then sole shareholder, the Predecessor Parent Company. The dividend
was settled with the Predecessor Parent Company in cash in three installments of US$0.5 million each on January 19, 2021, January 20,
2021 and March 3, 2021.

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Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us. The laws and regulations of the PRC on currency conversion control do not currently have any material impact on the transfer of cash from TFGL to ZYSL or ZYCL or from ZYSL or ZYCL to TFGL. There are no restrictions or limitations under the laws of Hong Kong imposed on the conversion of HK dollar into foreign currencies and the remittance of currencies out of Hong Kong, nor is there any restriction on any foreign exchange to transfer cash between TFGL and its subsidiaries, across borders and to U.S. investors, nor there is any restrictions and limitations to distribute earnings from the subsidiaries, to TFGL and U.S. investors and amounts owed. However, there is no assurance the PRC government will not intervene in or impose restrictions on the ability of us or our subsidiaries to transfer cash or assets. For TFGL to make dividends to its shareholders, subject to the Companies Act (2025 Revision) of the Cayman Islands, which we refer to as the Companies Act below, and our amended and restated memorandum and articles of association, our board of directors may authorize and declare a dividend to shareholders from time to time out of the profits from the Company, realized or unrealized, or out of the share premium account, provided that the Company will remain solvent, meaning the Company is able to pay its debts as they come due in the ordinary course of business. There is no further Cayman Islands statutory restriction on the amount of funds which may be distributed by us in the form of dividends. We do not have any present plan to declare or pay any dividends on our Class A ordinary shares or distribute earnings in the foreseeable future. We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors