Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 39

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 39
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, reputation, financial condition, and results of operations may be materially and adversely affected. See Risk Factors — Risks Relating to Doing Business in the Jurisdictions in which we Operate — “ If the PRC government chooses to extend the oversight and control over offerings that are conducted overseas and / or foreign investment in Mainland China -based issuers to Hong Kong -based issuers, such action may significantly limit or completely hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline or be worthless.” On page 30. PRC-Related Regulations and the Permission Required from the PRC Authorities Related to Serving Mainland China-Based Clients Our Operating Subsidiary, Grande Capital, as a specialized corporate financial advisory services provider, serves companies seeking to go public, listed companies, institutional investors, or other private or public companies in return for professional fees or advisory fees. A portion of our existing clients and potential clients are companies located in Mainland China, who are listing applicants for an initial public offering on the HKSE or public companies listed on the HKSE (for the fiscal year ended March31, 2024, we had16, 6 and 4 clients from Hong Kong, Mainland China, and Singapore, respectively, and for the nine months ended December31, 2024, we had16, 6 and 4 clients from Hong Kong, Mainland China, and Singapore, respectively). Therefore, we and our Operating Subsidiary are subject 14 to certain legal and operational risks associated with our Operating Subsidiary being based in Hong Kong and having existing or potential clients who are companies based in Mainland China or have shareholders or directors that are Mainland China individuals. As of the date of this prospectus, the Mainland China companies who have engaged our Operating Subsidiary for our Operating Subsidiary’s listing sponsorship services for overseas listing in Hong Kong are “PRC domestic companies” under the Trial Administrative Measures and their overseas listings in Hong Kong are subject to CSRC’s review procedures and approval. For the six months ended September30, 2023 and 2024, our revenues derived from clients in Hong Kong decreased by approximately $0.4million or 30.8% from $1.3million in the six months ended September30, 2023 to $0.9million in the six months ended September30, 2024; revenues derived from clients in Mainland China