Certain Ordinary Shares of TOP Financial Group Limited are subject to a Lock-Up Agreement Ending on 27-NOV-2022. These Ordinary Shares will be under lockup for 180 days starting from 31-MAY-2022 to 27-NOV-2022.

Details:
The executive officers, directors and certain holders of Ordinary Shares have agreed, subject to certain exceptions, not to offer, sell, assign, transfer, pledge, contract to sell, or otherwise dispose of or announce the intention to otherwise dispose of, or enter into any swap, hedge or similar agreement or arrangement that transfers, in whole or in part, the economic risk of ownership of, directly or indirectly, engage in any short selling of any Ordinary Shares or securities convertible into or exchangeable or exercisable for any Ordinary Shares, whether currently owned or subsequently acquired, without the prior written consent of Univest Securities, LLC and Valuable Capital Limited, on behalf of the underwriters for a period of 180 days from the effective date of registration statement of which this prospectus.