Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 16

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 16
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| ● | “ZYIL (BVI)”                                                                                       
 refers to ZYIL (BVI) Limited, a company incorporated under the laws of the British Virgin Islands; |

| ● | “ZYNL (BVI)”                                                                                   
 refers to ZYNL (BVI) Limited, a company incorporated under the laws of British Virgin Islands. |

| ● | “ZYPL (BVI)”                                                                                   
 refers to ZYPL (BVI) Limited, a company incorporated under the laws of British Virgin Islands. |

| ● | “ZYSL” refers                                                                                   
 to Zhong Yang Securities Limited, a company with limited liability under the laws of Hong Kong. |

| ● | “ZYSL (BVI)”                                                                                   
 refers to ZYSL (BVI) Limited, a company incorporated under the laws of British Virgin Islands. |

| ● | “ZYTL (BVI)”                                                                                   
 refers to ZYTL (BVI) Limited, a company incorporated under the laws of British Virgin Islands. |

| ● | “ZYXL (BVI)”                                                                                   
 refers to ZYXL (BVI) Limited, a company incorporated under the laws of British Virgin Islands. |

<div align='center'>iv

SPECIAL NOTICE REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus contains forward-looking statements. All statements contained in this prospectus other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including the factors described under the section titled “Risk Factors” in this prospectus and in the documents incorporated by reference herein and under a similar heading in any applicable prospectus supplement. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or