Garden Stage Ltd

Garden Stage Ltd is a Hong Kong-based financial services provider. The company operates through its wholly-owned Operating Subsidiaries, I Win Securities and I Win Asset Management. I Win Securities is licensed in Hong Kong to conduct Type 1 (dealing in securities) regulated activities under the SFO. It is a Stock Exchange Participant, holding one Stock Exchange Trading Right, and is also a participant of the HKSCC (Participant ID: B02092). I Win Securities provides underwriting and placing services, acting as book runner, lead manager, or underwriter for listing applicants in IPOs or other fundraising activities. It also serves as a placing agent for listed companies issuing or selling securities, earning underwriting and/or placing commissions. Additionally, I Win Securities charges investors a brokerage commission when they subscribe for or acquire securities from offerings where it provided placing and underwriting services. Revenue from underwriting and placing services accounted for 19.82% of total revenue for the year ended March 31, 2026, 2.09% for 2025, and 10.84% for 2024. I Win Asset Management is licensed in Hong Kong to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO. The company's overall services include placing and underwriting services, securities dealing and brokerage services, asset management services, investment advisory services, due diligence services, and introduction and referral services.