Garden Stage Ltd

Garden Stage Limited operates as a holding company for financial services businesses. The company was incorporated on August 11, 2022, in the Cayman Islands. Historically, its business was conducted through I Win Holdings Limited ("I Win Holdings HK"), a Hong Kong company, and its subsidiaries: I Win Securities Limited ("I Win Securities") and I Win Asset Management Limited ("I Win Asset Management"). I Win Securities was established on November 10, 2016, in Hong Kong and began offering securities brokerage, underwriting, and placing services. It received a license from the HKSFC for Type 1 (dealing in securities) regulated activity on July 19, 2017. To expand into asset management, I Win Asset Management was established on March 25, 2020, in Hong Kong. It obtained HKSFC licenses for Type 4 (advising on securities) and Type 9 (asset management) regulated activities on January 25, 2021. I Win Securities has one wholly-owned subsidiary, China Union Financial Holding Limited ("CUFH"), incorporated in the British Virgin Islands on June 17, 2016, with a share capital of US$1,000 and no operations. I Win Holdings HK was incorporated on March 25, 2020, as the holding company for I Win Securities and I Win Asset Management, with HKSFC approval granted on June 6, 2022. On June 24, 2022, I Win Holdings HK acquired 100% of the equity interest in both I Win Securities and I Win Asset Management. In April 2023, Garden Stage Limited became the holding company of I Win Holdings HK and its subsidiaries.