Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 92

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 92
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Legal
Proceedings

As
of the date of this annual report, we and our subsidiaries had not been involved in any legal proceedings, investigations, claims nor
had we been aware of any pending or threatened litigation, arbitration or other claims which would have a material adverse impact on
the operations, financial position and reputation of our Group.

Regulations

Licensing
regime under the SFO

Licensing
and Registration under the SFO Administered by the HKSFC

The
HKSFC is an independent statutory body set up in 1989 to regulate Hong Kong’s securities and futures markets. It operates
independently of the Government of Hong Kong, and is funded mainly by transaction levies and licensing fees.

The
HKSFC derives its investigative, remedial and disciplinary powers from the SFO and the subsidiary legislations thereunder. The SFO, in
particular, vested the HKSFC with multiple roles and sets out its regulatory objectives, including:

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Overview
of licensing regime

Generally,
the SFO provides that a corporation which is not an authorized financial institution and is (i) carrying on a business in a regulated
activity (or holding out as carrying on a business in a regulated activity); or (ii) actively marketing (whether in Hong Kong
or from a place outside Hong Kong) to the public any services it provides, which would constitute a regulated activity if provided
in Hong Kong, has to be licensed by the HKSFC to carry out that regulated activity, unless one of the exemptions under the SFO applies.

In
addition, an individual performing a regulated function (meaning any function performed for or on behalf of or by arrangement with the
person relating to the regulated activity, other than work ordinarily performed by an accountant, clerk or cashier) for the principal
which is a licensed corporation in relation to a regulated activity carried on as a business has to be licensed separately under the
SFO as a Licensed Representative accredited to the principal.

For
each regulated activity conducted by a licensed corporation, it must appoint no less than two Responsible Officers, at least one of them
must be an executive director, to supervise the business of such regulated activity. As defined in section 113(1) of the SFO, “executive
director”, in relation to a licensed