TOP Financial CFO reports 1,212,000 share holding

TOP Financial Group Ltd officer Lo Yung Yung, the company’s CFO, reported indirect ownership of 1,212,000 Class A Ordinary Shares of TOP.

Accepted by SEC EDGAR 07/31/2026 - 03:07 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

TOP Financial Group Ltd officer Lo Yung Yung, the company’s CFO, reported indirect ownership of 1,212,000 Class A Ordinary Shares of TOP. These shares are held through Zhong Yang Holdings (BVI) Limited, where Lo is a minority shareholder, so the reported position reflects an indirect economic interest.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Lo Yung Yung

Role CFO

Type	Security	Shares	Price	Value
Holding	Class A Ordinary Shares F1	--	--	--

Holdings: Class A Ordinary Shares — 1,212,000 shares (Indirect, By Zhong Yang Holdings (BVI) Limited)

Footnotes (1)

1. F1. Reporting Person is a minority shareholder of Zhong Yang Holdings (BVI) Limited.

Key Figures

Indirectly held Class A Ordinary Shares: 1,212,000 shares

1 metrics

Indirectly held Class A Ordinary Shares 1,212,000 shares Reported as of 2026-03-18

Key Terms

Class A Ordinary Shares, indirect ownership, minority shareholder

3 terms

Class A Ordinary Shares financial

"security_title: "Class A Ordinary Shares""

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

indirect ownership financial

"ownership_type": "indirect" for the reported shares"

minority shareholder financial

"Reporting Person is a minority shareholder of Zhong Yang Holdings"

An owner of a company who holds a smaller portion of the shares and therefore lacks the ability to control corporate decisions on their own. Like being one roommate in a large apartment, a minority shareholder still has rights—such as voting on major matters, receiving dividends, and legal protections against unfair treatment—but can be outvoted by larger holders, which affects how company actions and governance may impact the value of their investment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does TOP's Form 3 reveal about CFO Lo Yung Yung's share ownership?

The filing shows CFO Lo Yung Yung has indirect ownership of 1,212,000 Class A Ordinary Shares of TOP Financial Group. These shares are held through Zhong Yang Holdings (BVI) Limited, where Lo is a minority shareholder, indicating an indirect economic interest.

How many TOP (TOP) shares are reported as indirectly owned by the CFO?

Lo Yung Yung is reported as indirectly owning 1,212,000 Class A Ordinary Shares of TOP. The position is recorded as of 2026-03-18 and is held via Zhong Yang Holdings (BVI) Limited, rather than in Lo’s own name.

Is CFO Lo Yung Yung's ownership in TOP (TOP) direct or indirect?

The Form 3 reports indirect ownership for the 1,212,000 Class A Ordinary Shares of TOP. The shares are attributed to Zhong Yang Holdings (BVI) Limited, with a footnote stating Lo is a minority shareholder of that entity.

What role does Zhong Yang Holdings (BVI) Limited play in TOP (TOP) share ownership?

Zhong Yang Holdings (BVI) Limited is listed as the entity through which 1,212,000 Class A Ordinary Shares of TOP are held. The CFO, Lo Yung Yung, is described as a minority shareholder of this BVI company, creating an indirect link to the reported shares.

Does the TOP (TOP) Form 3 indicate any recent share transactions by the CFO?

The data reflects a holding entry of 1,212,000 Class A Ordinary Shares indirectly owned, without a buy or sell code. It functions as a disclosure of existing indirect ownership rather than documenting a new purchase or sale transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lo Yung Yung

(Last) (First) (Middle)

C/O TOP FINANCIAL GROUP LIMITED

101 CECIL ST #13-05 TONG ENG BLDG

(Street)

SINGAPORE 069533

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TOP Financial Group Ltd [ TOP ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	1,212,000	I	By Zhong Yang Holdings (BVI) Limited(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reporting Person is a minority shareholder of Zhong Yang Holdings (BVI) Limited.

	/s/ Yung Yung Lo	07/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)