Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 94

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 94
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 has proper business structure, good internal control systems and qualified personnel to ensure the proper management of risks that
it will encounter in carrying on the proposed regulated business as detailed in the business plan submitted to the HKSFC.

Responsible
Officer

A
Licensed Representative who is also approved as a Responsible Officer under section 126 of the SFO to supervise the regulated activity
of the licensed corporation to which he/she is accredited.

Licensed
representative

An
individual who is granted a license under section 120(1) of the SFO to carry on one or more regulated activities for a licensed
corporation to which he/she is accredited.

Licensing
requirements

Fit
and proper requirements

Section 116(3) of
the SFO provides that the HKSFC shall refuse to grant a license to carry on a regulated activity unless the applicant for license satisfies
the HKSFC that, inter alia, the applicant is a fit and proper person to be licensed for the regulated activity. The applicant must remain
fit and proper at all times after the grant of such licenses by the HKSFC.

In
simple terms, a fit and proper person means one who is financially sound, competent, honest, reputable and reliable. Pursuant to section
129(1) of the SFO, in considering whether a person, an individual, corporation or institution, is fit and proper for the purpose
of licensing or registration, the HKSFC shall, in addition to any other matter that the HKSFC may consider relevant, have regard to the
following:

  financial            

  educational                                                                                          

  ability                                                                             

  reputation,                                                                                                 

The
above fit and proper criteria serve as the fundamental basis when the HKSFC considers each license or registration application. Detailed
guidelines are contained in the Fit and Proper Guidelines, the Licensing Handbook and the Guidelines on Competence issued by the HKSFC.

Licensed
corporation

For
application as a licensed corporation, the applicant has to be incorporated in Hong Kong or an overseas company registered with
the Companies Registry of Hong Kong and the licensed corporation has to satisfy the HKSFC that it has proper business structure,
good internal control systems and qualified personnel to ensure the proper management of risks that it will encounter in carrying on
the proposed regulated business as detailed in the business plan submitted to the HKSFC. Detailed guidelines to meet the requirements
and expectations of the HKSFC are contained in the following documents issued by the HKSFC