Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 26

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 26
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 officers may have a material and adverse impact on our business operations
and financial results. In addition, we and our Operating Subsidiary are subject to statutory secrecy obligations under the SFO of Hong Kong
whereby we may not be permitted to disclose details on any HKSFC inquiries, reviews or investigations without the consent of the HKSFC.
Furthermore, Grande Capital, our Operating Subsidiary, is registered with the CSRC under Article 21 of Trial Administrative Measures
as an overseas securities company and has provided the undertakings to the CSRC in relation to the PRC domestic companies clients that
engaged Grande Capital as the listing sponsor for their overseas listings in Hong Kong. If the CSRC were to believe, in the process of
execution of the projects sponsored by our Operating Subsidiary, that the Operating Subsidiary is in violation of its undertakings to
the CSRC, or failed to exercise proper diligence, or has made misrepresentations to the CSRC or relevant PRC authority, not only the
CSRC and PRC authorities may issue correction order and warnings, impose of pecuniary penalties, or prohibit us and our Operating Subsidiary
from providing our services to the PRC domestic companies in Mainland China, the Trial Administrative Measure explicitly stipulated that
the CSRC may refer the relevant information concerning the alleged misconduct or violation to CSRC’s regulatory counterparts in
overseas jurisdiction, i. e., the HKSFC in Hong Kong, which governs and regulates the business operation of our Operation Subsidiary.
As a result, we and our Operating Subsidiary could be subject to inquiries, reviews or investigations, disciplinary actions, revocation
or suspension of licenses, public or private reprimand or imposition of pecuniary penalties by the HKSFC, concerning the alleged misconduct
or violation arising from the Operating Subsidiary’s activities in Mainland China.

Our
business is also subject to regulation by various other governmental agencies in Hong Kong, in addition to the HKSFC, including
agencies responsible for monitoring and enforcing compliance with various legal obligations, such as privacy and data protection-related laws
and regulations, intellectual property laws, employment and labor laws, workplace safety, trade laws, anti-corruption and anti-bribery laws,
and tax laws and regulations. Non-compliance with applicable regulations or requirements could subject us to investigations, enforcement
actions, sanctions, disgorgement of profits, fines, civil and