TOP Financial Group (Zhong Yang) ^{Priced, Nasdaq: TOP}

We are an online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, and options products. We create value for our customers by providing reliable trading platforms, user-friendly web and app interface, and seamless customer support. We generate revenues primarily by charging commission fees on futures transactions at a flat rate for each futures transaction contract. Currently our customers are mainly high volume and frequency trading institutional and individual investors. Our clients primarily reside in Asia and we are currently focusing on expanding our customer base to Southeast Asian investors. Our trading platforms, which we license from third parties, enable investors to place trades on more than 100 futures products on multiple exchanges around the world. Our continuous efforts focused on offering value-added services and access to exchanges around the globe, together with user friendly experience, have enabled us to become a fast-growing online trading platform. Our trading volume increased from 9.20 million trades in fiscal year 2020 to 9.6 million trades in fiscal year 2021. Our total registered customer number increased from 226 as of March 31, 2020 to 247 as of March 31, 2021. In fiscal year 2020, our revenue-generating accounts decreased to 77, including 61 accounts for futures trading and 16 accounts for securities trading. In fiscal year 2021, we had 49 revenue-generating accounts in total, including 33 accounts for futures trading and 16 accounts for securities trading.