Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 24

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 24
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 are subject to applicable laws, regulations, guidelines, circulars, and other regulatory guidance, and many
aspects of our businesses depend on obtaining and maintaining approvals, licenses, permits, or qualifications from the relevant regulators.
Serious non-compliance with regulatory requirements could result in investigations and regulatory actions, which may lead to penalties,
including reprimands, fines, limitations, or prohibitions on our future business activities or, if significant, suspension or revocation
of our licenses. Failure to comply with these regulatory requirements could limit the scope of businesses in which we are permitted to
engage.

Furthermore,
additional regulatory approvals, licenses, permits, or qualifications may be required by relevant regulators in the future, and some
of our current approvals, licenses, permits, or qualifications are subject to periodic renewal. Although our Operating Subsidiary, Grande
capital, was not subject to any public disciplinary actions by the HKSFC for the last five years, any such public disciplinary actions
may affect our ability to conduct business, harm our reputation and, consequently, materially and adversely affect our business, financial
condition, results of operations, and prospects.

Our
Operating Subsidiary, Grande Capital, is an HKSFC-licensed corporation that is subject to various requirements, such as remaining
fit and proper at all times, minimum liquid and paid-up capital requirements, notification requirements, submission of audited accounts,
submission of financial resources returns and annual returns, continuous professional training, under the SFO of Hong Kong and its
subsidiary legislation and the codes and the guidelines issued by the HKSFC from time to time. If Grande Capital fails to meet the regulatory
capital requirements in Hong Kong, the local regulatory authorities may impose penalties on us or limit the scope of our business,
which could, in turn, have a material adverse effect on our financial condition and the results of operations. Moreover, the relevant
capital requirements may be changed over time or subject to different interpretations by relevant governmental authorities, all of which
are out of our control. Any increase in the relevant capital requirements or stricter enforcement or interpretation of the same may adversely
affect our business activities. Any non-compliance with applicable laws, regulations, guidance or codes or any negative findings
made by the regulators may result in (i) fines, deterrent penalties, or disciplinary actions against us, our Responsible Officers,
Licensed Representatives or any of our personnel; or (ii) suspension or revocation of some or all of (a) our registrations
or licenses for carrying