TOP Financial Group Limited Announces 1-for-5 Share Consolidation

SINGAPORE, July 30, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ:TOP) (“TOP” or the “Company”), an online brokerage firm specializing in local and foreign equities, futures, and options products, today announced that its board of directors has approved a share consolidation of the Company’s issued and unissued Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-5 (the “Share Consolidation”), effective August 3, 2026. The Share Consolidation was authorized by the Company’s shareholders at the extraordinary general meeting held on May 27, 2026, with the final ratio determined by the board of directors. The Company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis on the Nasdaq Stock Market at the open of trading on August 3, 2026, under the Company’s existing symbol “TOP.” The new CUSIP number for the Class A ordinary shares following the Share Consolidation is G989A6110.