Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 246

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 246
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 ROU asset to be comparable to the useful life of similarly owned assets. The Company has elected the short -termlease exception, therefore operating lease ROU asset and liability do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight -linebasis over the lease term. As of March 31, 2024 and 2023, there were approximately $0.3 million and nil ROU assets and approximately $0.3 million and nil lease liability based on the present value of the future minimum rental payments of leases, respectively. The Company’s management believes that using the Hong Kong Dollar Prime Rate at 5.88% and 5.25% during the years ended March31, 2024 and 2023, respectively, was the most indicative rate of the Company’s incremental borrowing cost for the calculation of the present value of the lease payments.

F-8

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The Company evaluates the impairment of its ROU asset consistently with the approach applied for its other long -livedassets. The Company reviews the recoverability of its long -livedassets when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the assets from the expected undiscounted future pre -taxcash flows of the related operations. As of March 31, 2024 and 2023, the Company did not recognize any impairment loss against its ROU asset. Commitments and contingencies From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The majority of these claims and proceedings related to or arise from commercial disputes. The Company first determine whether a loss from a claim is probable, and if it is reasonable to estimate the potential loss. The Company accrues costs associated with these matters when they become probable, and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. Also, the Company disclose a range of possible losses, if a loss from a claim is probable but the amount of loss cannot be reasonably estimated, which is in line with the applicable requirements of ASC 450, “Contingencies”. The Company’s management does not expect any liability from the disposition of such claims and litigation