Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 84

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 84
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Capital to its clients, Grande Capital holds a significant responsibility to the HKSFC under the SFO. As a sponsor for companies seeking
listing on the HKSE, Grande Capital is committed to adhering to a high level of regulatory requirements. This includes ensuring that all
listing applicants meet to the appropriate regulatory requirements, and that the disclosures in the listing documents are true, accurate,
complete and not misleading.

As the listing sponsor, Grande Capital generally
enters into engagement letters with the listing applicants. Although the terms of the engagement letters may vary, the material terms
that are generally contained are set out below:

  Duration              Generally two years                       
  Scope of Service      Grande Capital is responsible for, among  

  Advising                                                                                                                       
  Coordinating                                                                                                                   
  Conducting                                                                                                                     
  Acting                                                                                                                         
  Overseeing                                                                                                                     
  Ensuring                                                                                                                       
  Overall                                                                                                                        

  Fee              Grande Capital generally charges our customer a fixed fee by way of progress payment based on achievement of certain milestone in the IPO progress. These milestones generally include (i) signin...  
  Termination      Grande Capital generally has the right to terminate                                                                                                                                                   

Effective from 5 August 2022, as stipulated by
Main Board Listing Rules Rule 3A.02 and Rule 3A.43, in the case of Main Board listing on the HKSE, a sponsor for IPOs in HKSE must also
be appointed as one of the overall coordinators (commonly known as the “ Sponsor Coupling” requirement by the HKSE). The overall
coordinator is the underwriter who acts as the “head of syndicates” responsible for the overall management of the share offering,
coordination of book building or placing activities, and exercise control over book building activities and market allocation recommendations
to the issuer.

In response to, and to be in compliance with,
the Main Board Listing Rules Rule 3A.02 and Rule 3A.43, on August 1, 2022, Grande Capital obtained the Type 1 (Dealing in Securities)
license under the SFO for participating in underwriting syndicates for the IPOs that Grande Capital acted as sponsors, as part of Grande
Capital’s listing sponsorship services, in return for underwriting commissions. In respect of the underwriting commissions, Grande
Capital generally charges the client a percentage of the gross proceeds received by the listing applicant from the IPO.

The Type 1 (Dealing in Securities) license is obtained for the