Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 102

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 102
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 financial soundness of intermediaries.

Disciplinary
power of the HKSFC

Under
Part IX of the SFO, subject to the due process for exercising disciplinary powers laid down in section 198 of the SFO, the HKSFC
may exercise any of the following disciplinary actions against a regulated person (including a licensed person or a registered institution)
if that person is found to be guilty of misconduct or not fit and proper to be or remain the same type of regulated person (sections
194 and 196 of the SFO):

  revocation                                                                                                                             

  revocation                                                       

  public                                       

  prohibition                                                                                                   

  prohibition                                                                                                                             
  of a regulated person from, among others, applying to be licensed, registered or approved as a Responsible Officer in relation to such  
  regulated activity(ies), for such period as the HKSFC may specify; and                                                                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  pecuniary                                                                                                                        

Takeovers
and Mergers

Financial
advisers and independent financial advisers licensed by the HKSFC may act for Hong Kong listed issuers as regards transactions principally
involving the HK Listing Rules and the HK Takeovers Codes.

In
Hong Kong, any takeover, merger, privatization and share repurchase activities affecting public companies are regulated by the HK
Takeovers Codes which is issued by the HKSFC in consultation with the Takeovers and Mergers Panel. The primary purpose of the HK Takeovers
Codes is to afford fair treatment for shareholders who are affected by takeovers, mergers, privatizations and share buy-backs. The HK
Takeovers Codes seeks to achieve fair treatment by requiring equality of treatment of shareholders, mandating disclosure of timely and
adequate information to enable shareholders to make an informed decision as to the merits of an offer and ensuring that there is a fair
and informed market in the shares of companies affected by takeovers, mergers, privatizations and share buy-backs. The HK Takeovers Codes
also provides an orderly framework within which takeovers, mergers, privatizations and share buy-backs activities are to be conducted.

In
addition, any other persons who issue circulars or advertisements to shareholders in connection with takeovers, mergers, privatizations
and share buy-backs must observe the highest standards of care and consult with the Executive Director of the Corporate Finance Division
of the HKSFC or any delegate