Company: TOP
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001213900-25-029013
Chunk: 52

Company: TOP Financial Group Ltd
Filing Date: 2025-04-04
Form: POS AM
Chunk 52
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 Shares

If at any time, our share capital is divided
into different classes of shares, all or any of the rights attached to any class of our shares may (unless otherwise provided by
the terms of issue of the shares of that class) be varied with the consent in writing of the holders of three-fourths of the issued shares
of that class or with the sanction of a resolution passed by at least a two-thirds majority of holders of shares of that class as may
be present in person or by proxy at a separate general meeting of the holders of shares of that class.

Inspection of books and records

Holders of our Class A ordinary shares and Class
B ordinary shares will have no general right under Cayman Islands law to inspect or obtain copies of our list of shareholders or our
corporate records. However, we will provide our shareholders with annual audited financial statements. See “Where You Can Find
Additional Information.”

Rights of non-resident or foreign shareholders

There are no limitations imposed by our amended
and restated memorandum and articles of association on the rights of non-resident or foreign shareholders to hold or exercise voting
rights on our shares. In addition, there are no provisions in our amended and restated memorandum and articles of association governing
the ownership threshold above which shareholder ownership must be disclosed.

<div align='center'>20</div>

Issuance of additional ordinary shares

Our amended and restated memorandum and articles
of association authorizes our board of directors to issue additional Class A ordinary shares and Class B ordinary shares from authorized
but unissued shares, to the extent available, from time to time as our board of directors shall determine.

Listing

Our Class A ordinary shares are listed on
the Nasdaq Capital Market under the symbol “TOP”. On March 12, 2025, the last reported sale price per share for our Class
A ordinary shares on the Nasdaq Capital Market as reported was $1.16.

Transfer Agent and Registrar

The transfer agent and registrar for our Class
A ordinary shares and Class B ordinary shares isSecurities Transfer Corporation, 2901
N Dallas Parkway, Suite 380, Plano, Texas 75093.

<div align='center'>DESCRIPTION OF WARRANTS</div>

The following description, together with the
additional information we may include in any applicable prospectus supplements, summarizes the material terms and provisions of the warrants
that we may offer under this prospectus and the related warrant agreements and warrant certificates. While the terms summarized below
will