TOP Financial Group Limited filed a Current Report on Form 8-K dated September 25, 2026, disclosing changes to the compensation structure for its independent non-executive directors. The company entered into amended appointment letters with Anthony S. Chan, Mau Chung Ng, and Mei Cai, replacing their original agreements.
The original appointment letters, effective May 31, 2022, provided each director with a total annual compensation of $50,000. This amount consisted of $30,000 in cash paid quarterly and $20,000 in Class A ordinary shares, par value US$0.001 per share, issued in four equal installments.
Under the new Amended Appointment Letters, effective October 1, 2026, the share-based compensation component has been removed. Each director will now receive an additional cash payment of $20,000 per annum, bringing their total annual cash compensation to $50,000. The company confirmed it has no further obligation to issue Class A ordinary shares to these directors.
Exhibits 10.1, 10.2, and 10.3 to the filing contain the full text of the new appointment letters.
