Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 59

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 59
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 December 16,
2021, the PCAOB issued a report on its determinations that it is unable to inspect or investigate completely PCAOB-registered public accounting
firms headquartered in Mainland China and in Hong Kong because of positions taken by Mainland China and Hong Kong authorities in those
jurisdictions, and identifies the registered public accounting firms in Mainland China and Hong Kong that are subject to such determinations.
The PCAOB has made such designations as mandated under the HFCAA. Pursuant to each annual determination by the PCAOB, the SEC will, on
an annual basis, identify issuers that have used non-inspected audit firms and thus are at risk of such suspensions in the future. The
auditor of the Company, WWC, P. C., is not among the auditor firms listed on the determination list issued by the PCAOB, which notes all
of the auditor firms that the PCAOB is not able to inspect.

On August 26, 2022,
the CSRC, the Ministry of Finance of the PRC, and the PCAOB signed a Statement of Protocol, or the Protocol, governing inspections and
investigations of audit firms based in Mainland China and Hong Kong. Pursuant to the fact sheet with respect to the Protocol disclosed
by the SEC, the PCAOB shall have independent discretion to select any issuer audits for inspection or investigation and has the unfettered
ability to transfer information to the SEC. On December 15, 2022, the PCAOB determined that the PCAOB was able to secure complete
access to inspect and investigate registered public accounting firms headquartered in Mainland China and Hong Kong and voted to vacate
its previous determinations to the contrary. However, should PRC authorities obstruct or otherwise fail to facilitate the PCAOB’s
access in the future, the PCAOB will consider the need to issue a new determination.

Should the PCAOB be unable
to fully conduct inspections of our auditor, it will make it more difficult to evaluate the effectiveness of our auditor’s audit
procedures or quality control procedures and you may be deprived of the benefits of such inspection, which could result in limitation
or restriction to our access to the U. S. capital markets, and our securities may be delisted or prohibited from trading if the PCAOB determines
that it cannot inspect or investigate completely our auditor under the HFCAA. Investors may consequently lose confidence in our reported
financial information and procedures and the quality of our financial statements, which would adversely affect