Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 121

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 121
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 provision for expected credit losses and deferred tax expenses, and (ii) net decrease in cash flow from changes
in operating assets and liabilities of $1.5 million mainly included cash outflow arising from contract liabilities of $0.8 million,
accounts receivable of $0.5 million and lease liability of $0.2 million.

Cash used in investing activities

For the year ended March 31, 2025, cash used in
investing activities was $0.1 million, which mainly consists of purchase of equipment.

Cash
(used in) provided by financing activities

For the year ended March 31, 2025, net cash used
in financing activities was $1.4 million, which mainly consists of payments of dividend and offering costs related to the initial public
offering.

For
the year ended March 31, 2024, net cash used in financing activities was $0.3 million, which mainly consists of payments of offering
costs related to the initial public offering.

For
the year ended March 31, 2023, net cash provided by financing activities was approximately $0.3 million, solely consisted of advance
from a related party, being Grande Holding Limited, of $0.3 million. Mr. Tak Kai Raymond, TAM, the majority shareholder of the Controlling
Shareholder, is the source of the funds that the Controlling Shareholder loaned to the Company.

Off-Balance
Sheet Arrangements

We
had not entered any material off-balance sheet transactions and arrangements during the years ended March 31, 2025, 2024 and
2023.

Leased
Properties

Our
Operating Subsidiary, Grande Capital, leases an office in Room 2701, 27/F, Tower 1, Admiralty Center, No. 18 Harcourt Road, Hong Kong,
with a term from April 2023 to March 2026. The monthly rent for the office is $13,822 (HK$107,814).

Contractual
Obligations

The
following table summarizes our contractual obligations as of March 31, 2025:

                                                      Payment due by period                                                                  
                                                      Less than                               1 to 3      More than      Total               
  Future minimum payments under operating leases                                 165,868                                            165,868  
  Less: imputed interest                                                          (5,160                                             (5,160  
  Lease obligation                                                               160,708                                            160,708