Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 28

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 28
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 supervisory obligations to the CSRC regarding the overseas listing projects of the PRC domestic
companies engaged, including: (1) filing and registering with CSRC as sponsors or underwriters who are being engaged by PRC domestic
companies for their overseas listing, and submitting report to the CSRC annually on the relevant business activities of such overseas
securities companies regarding overseas listings of PRC domestic companies; and (2) for each project of the overseas securities companies,
submitting the undertakings to the CSRC that such offshore securities companies have verified and examined the documents submitted to
CSRC by its clients in relation to their overseas listing, and that such documents are true, accurate and complete.

Currently,
Grande Capital, our Operating Subsidiary, is registered with the CSRC under Article 21 of the 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. Therefore, although the offering of our securities in the United
States and the operation of our Operating Subsidiary in Hong Kong do not require approvals, licenses, permits, or qualifications from
the PRC authorities, such as the CSRC or the CAC, as long as our Operating Subsidiary conducts regulated activities in Hong Kong that
involves PRC domestic companies, our Operating Subsidiary is subject to the regulatory oversights from the CSRC under the Trial Administrative
Measures for its business of providing listing sponsorship of PRC domestic companies. As of the date of this annual report, neither we
nor our Operating Subsidiary have been informed by any PRC governmental authority, including the CSRC, of the violation of the undertaking
or any obligations to the CSRC. We believe our Operating Subsidiary and we have complied with all applicable laws and regulations in
connection with the engagement with PRC clients in Mainland China in all material respects.

However,
as stipulated by the Trial Administrative Measures, 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, the CSRC and PRC authorities may issue correction order
and warnings