17. Regulatory Requirements The following table illustrates the minimum regulatory capital as established by HKSFC that the Company’s subsidiaries were required to maintain as of March 31, 2026 and 2025 and the actual amounts of capital maintained. Capital requirements as of March 31, 2026 | | | Minimum
Regulatory
Capital
Requirements | | | Capital
Levels
Maintained | | | Excess Net
Capital | | | Percent of
Requirement
Maintained | | | I Win Securities Limited | | $ | 382,863 | | | $ | 1,649,758 | | | $ | 1,266,895 | | | | 431 | % | | I Win Asset Management Limited(1) | | | 12,762 | | | | 78,742 | | | | 65,980 | | | | 617 | % | | Total | | $ | 395,625 | | | $ | 1,728,500 | | | $ | 1,332,875 | | | | 437 | % | Capital requirements as of March 31, 2025 | | | Minimum
Regulatory
Capital
Requirements | | | Capital
Levels
Maintained | | | Excess Net
Capital | | | Percent of
Requirement
Maintained | | | I Win Securities Limited | | $ | 385,610 | | | $ | 788,187 | | | $ | 402,577 | | | | 204 | % | | I Win Asset Management Limited(1) | | | 12,854 | | | | 58,356 | | | | 45,502 | | | | 454 | % | | Total | | $ | 398,464 | | | $ | 846,543 | | | $ | 448,079 | | | | 212 | % | | (1) | I Win Asset Management Limited is only required to file its regulatory returns in June and December of every year. The capital levels presented above as of March 31, 2026 and 2025, reflects the position as submitted in its regulatory return as of December 2025 and 2024, respectively. |
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