Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 37

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 37
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 of clients and personnel, challenge of integration and effective deployment of operations or technologies, and assumption
of unforeseen or hidden material liabilities or regulatory non-compliance issues. Any of these events could disrupt our business
plans and strategies, which in turn could have a material adverse effect on our financial condition and results of operations. Such risks
could also result in our failure to derive the intended benefits of the acquisitions, strategic investments, joint ventures, or strategic
alliances, and we may be unable to recover our investment in such initiatives. We cannot assure you that we could successfully mitigate
or overcome these risks.

We may not be able to obtain additional
capital when desired, on favorable terms, or at all. If we fail to meet the capital requirement pursuant to the FRR, our business operations
and performance will be adversely affected.

We may require additional funding for further
growth and development of our business, including any investments or acquisitions we may decide to pursue. Due to the unpredictable nature
of the capital markets and our industry, we cannot assure you that we will be able to raise additional capital on terms favorable to us,
or at all, if and when required, especially if we experience disappointing operating results. If adequate capital is not available to
us as required, our ability to fund our operations, take advantage of unanticipated opportunities, develop or enhance our infrastructure
or respond to competitive pressures could be significantly limited, which would adversely affect our business, financial condition and
results of operations. If our existing resources are insufficient to satisfy our requirements, we may seek to issue additional equity
or debt securities or obtain new or expanded credit facilities. Our ability to obtain external financing in the future is subject to a
variety of uncertainties, including our future financial condition, results of operations, cash flows, share price performance, liquidity
of international capital and lending markets, and the Hong Kong financial industry. If we do raise additional funds through the issuance
of equity or convertible debt securities, the ownership interests of our shareholders could be significantly diluted. These newly issued
securities may have rights, preferences or privileges senior to those of existing shareholders. In addition, our HKSFC-licensed Operating
Subsidiary is required under the FRR to maintain certain levels of liquid capital. If they fail to maintain the required levels of liquid
capital, the HKSFC may take actions against us and our business will be adversely affected.

Our failure to appropriately identify and
address conflicts of interest could materially and adversely affect our business.

As we expand