Related Party Transaction and Balance

6 Months Ended

Sep. 30, 2023

11. Related Party Transaction and Balance

a. Nature of relationships with related parties

Name		Relationship with the Company
Sunx Global Limited		Predecessor Parent Company owns 95% of Sunx Global Limited
Mr. Huaixi Yang		Immediate family member of Ms. Junli Yang, the Chairwoman of the Board
WSYQR Limited		Wholly owned by Mr. Huaixi Yang before March 2023. WSYQR was not a related party of the Company since April 2023.

b. Related parties transactions

For the six months ended September 30, 2023 and 2022, the Company did not enter into any transactions with related parties.

c. Balance with related parties

	Nature	September 30, 2023		March 31, 2023

Mr. Huaixi Yang	Receivable due from customers – related parties	$	1,326,537	$	1,523,259
WSYQR Limited	Payable to customers - related parties	$	-	$	12,577
Sunx Global Limited	Payable to customers - related parties	$	101,313	$	30,550

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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+ Details

TOP Financial Group Ltd 6-K