Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 29

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 29
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 (the “Hong Kong National Security Law”) could adversely impact our Operating Subsidiaries in Hong Kong, which represent substantially all of our business. •The Hong Kong regulatory requirement of prior approval for the transfer of shares in excess of a certain threshold may restrict future takeovers and other transactions. For a detailed description of the risks above, please refer to pages 24 to 33. Risks Relating to our Business and Operation •Our operations are concentrated in Hong Kong. Our business performance is highly influenced by the conditions of capital and financial market in Hong Kong. Unfavorable market and economic conditions and the material deterioration of the political and regulatory environment in Hong Kong, Mainland China, and elsewhere in the world could materially and adversely affect our business, financial condition, prospects, and results of operations. •The corporate finance services industry in Hong Kong is fiercely competitive, and we may lose our competitiveness to our competitors. •The operation of the Operating Subsidiary is subject to extensive and evolving regulatory requirements in Hong Kong, the non -compliancewith which may result in penalties, limitations, and prohibitions on our future business activities or suspension or revocation of the licenses of the Operating Subsidiary, and consequently may materially and adversely affect our business, financial condition, and results of operations. In addition, we and our Operating Subsidiary may, from time to time, be subject to regulatory inquiries, investigations, and even penalties by relevant regulatory authorities or government agencies in Hong Kong or other applicable jurisdictions, such as the PRC, where a portion of our clients are based. •A portion of our clients are “PRC domestic companies” based in Mainland China whose overseas listings are subject to CSRC review. As long as our Operating Subsidiary engages PRC domestic companies as clients or conducts regulated activities in Hong Kong that involve such companies, our Operating Subsidiary is subject 9 to the regulatory oversights from the CSRC and various obligations imposed by the Trial Administrative Measures, the violation or alleged violation of which may result in warning, penalties, or prohibitions on the future business activities of our Operating Subsidiary in Mainland China, and consequently may materially and adversely affect our business, financial condition, and results of operations. •We, through our Hong Kong subsidiaries, have a relatively short operating history compared to some of our established competitors and face significant risks and challenges in a rapidly evolving market, which makes it difficult to effectively assess our future prospects. •We rely on a limited number of