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Garden Stage Limited Class A Ordinary SharesGSIW

Garden Stage Limited is a holding company incorporated in Cayman Islands , and all of their operations are carried out by the two wholly-owned operating subsidiaries in Hong Kong : a) I Win Securities Limited , which is licensed to conduct Type 1 (dealing in securities) regulated activities under the Securities and Futures Ordinance (the "SFO") in Hong Kong ; and b) I Win Asset Management Limited , which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong. I Win Securities Limited is the Stock Exchange Participant of Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange") and holds Hong Kong Stock Exchange Trading Right. I Win Securities Limited is also the.

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