Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 90

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 90
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 do not involve holding or controlling of client’s
asset and the maintenance or operation of client accounts that would involve holding, transferring or controlling client funds or assets;
and (3) the Operating Subsidiary is a licensed corporation under the SFO that provide professional and advisory services for PRC domestic
companies seeking to access the Hong Kong and overseas capital market to raise funds, exclusively in relation to the corporate finance
regulatory and legal regime of Hong Kong.

Licenses

The
financial services market in Hong Kong is highly regulated. The principal business and the responsible personnel of the
Operating Subsidiary are subject to a number of legislations and regulations and the respective rules of the HKSFC and the
HKSE. In particular, due to the licensing requirements of the HKSFC, Grande Capital, our Operating Subsidiary, is required to
obtain necessary licenses under the SFO to conduct its business in Hong Kong and its business and responsible personnel are
subject to the relevant laws and regulations and the respective rules of the HKSFC.

As
of the date of this annual report, Grande Capital is currently licensed under the SFO to carry on Type 1 (dealing in securities)
regulated activities in Hong Kong and Type 6 (advising on corporate finance) regulated activities in Hong Kong. See
“ Item 4. Information On The Company - 4. B. Business Overview - See “ Item 4. Information On The Company - 4. B. Business Overview - 
Regulations -

The following table summarizes the licenses and permissions held by Grande Capital under the SFO, and the restrictions
to such licenses and permission.

  License/Permit                                 Issuing        Issuance      Term                 Restrictions                                                                                         
                                                 Authority      Date                               and Licensing Conditions                                                                             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Type                                           HKSFC          August        No                   The                                                                                                  
  Type                                           HKSFC          January       No                   The                                                                                                  

  (1)      Under                                                                                                                                         

  (2)      Under                                                                                                                                   

Grande
Capital is not licensed to carry on Type 4 (advising on securities) regulated activities in Hong Kong. As such, Grande Capital’s
corporate finance advisory services are limited in the nature and is not authorized to (i) give advice on the acquisition or disposal
of securities; or (ii)