Company: TOP
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001213900-25-029013
Chunk: 71

Company: TOP Financial Group Ltd
Filing Date: 2025-04-04
Form: POS AM
Chunk 71
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rights. In connection with any rights offering, we may enter into a standby underwriting or other arrangement with one or more underwriters
or other persons pursuant to which such underwriters or other persons would purchase any offered securities remaining unsubscribed for
after such rights offering. Each series of rights will be issued under a separate rights agent agreement to be entered into between us
and a bank or trust company, as rights agent, that we will name in the applicable prospectus supplement. The rights agent will act solely
as our agent in connection with the rights and will not assume any obligation or relationship of agency or trust for or with any holders
of rights certificates or beneficial owners of rights.

The prospectus supplement relating to any rights
that we offer will include specific terms relating to the offering, including, among other matters:

| ● | the date of determining the securityholders entitled 
 to the rights distribution;                          |

| ● | the aggregate number of rights issued and the aggregate                    
 number of Class A ordinary shares purchasable upon exercise of the rights; |

| ● | the exercise price; |

| ● | the conditions to completion of the rights offering; |

| ● | the date on which the right to exercise the rights              
 will commence and the date on which the rights will expire; and |

| ● | applicable tax considerations. |

Each right would entitle the holder of the rights
to purchase for cash the principal amount of debt securities or Class A ordinary shares at the exercise price set forth in the applicable
prospectus supplement. Rights may be exercised at any time up to the close of business on the expiration date for the rights provided
in the applicable prospectus supplement. After the close of business on the expiration date, all unexercised rights will become void.

If less than all of the rights issued in any
rights offering are exercised, we may offer any unsubscribed securities directly to persons other than our security holders, to or through
agents, underwriters or dealers or through a combination of such methods, including pursuant to standby arrangements, as described in
the applicable prospectus supplement.

<div align='center'>31

PLAN OF DISTRIBUTION</div>

We may sell the securities described in this
prospectus through underwriters or dealers, through agents, directly to one or more purchasers, “at-the-market” offerings,
negotiated transactions, block trades or through a combination of these methods. The applicable prospectus supplement will describe
the terms of the offering of the securities, including:

| ● |