Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 36

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 36
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, two of our seven directors and officers, Anthony S. Chan and Mei Cai, are nationals and/or residents of the United States. The other five of our directors and officers, Junli Yang, Mau Chung Ng, Ka Fai Yuen, Yung Yung Lo, and Jennifer Hoi Ling Tam, are nationals and/or residents of Hong Kong, and all or a substantial portion of such persons’ assets are located outside the United States. As a result, it may be difficult for investors to effect service of process within the United States upon us or these persons, or to enforce judgments obtained in U.S. courts against us or them, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States. It may also be difficult for you to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against us and our officers and directors. TFGL has appointed Cogency Global Inc. as our agent upon whom process may be served in any action brought against us under the securities laws of the United States. Cogency Global Inc. will also be engaged by the officers and directors who are residents of a foreign countryto accept service for any action under the civil liability provisions of the U.S. federal securities laws against such officers and directors.

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Harney Westwood & Riegels, our counsel
as to the laws of the Cayman Islands has advised us that there is uncertainty as to whether the courts of the Cayman Islands would
(1) recognize or enforce judgments of U.S. courts obtained against us or our directors or officers that are predicated upon the civil
liability provisions of the federal securities laws of the United States or the securities laws of any state in the United States, or
(2) entertain original actions brought in the Cayman Islands against us or our directors or officers that are predicated upon the federal
securities laws of the United States or the securities laws of any state in the United States.

Harney Westwood & Riegels has informed
us that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal or state courts of
the United States (and the Cayman Islands are not a party to any treaties for the reciprocal enforcement or recognition of such judgments),
the Grand Court of the Cayman Islands will at common law enforce final and conclusive in personam judgments of state and/or federal