Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 187

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 187
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2025                        2024               
 ────────────────────────────────────────────────────────────────────────────────────────────
  Lease liability – current portion          $              160,708      $         151,560  
  Lease liability – non-current portion                     -                      160,708  
  Total                                      $              160,708      $         312,268  

During the years ended March 31, 2025,
2024 and 2023, the Company incurred total operating lease expenses of $165,868, $165,868and $185,612, respectively.

Other
lease information is as follows:

                                                                March 31,                                         
                                                                     2025                    2024                 
  Weighted-average remaining lease term – operating leases                     1.0 year                2.0 years  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Weighted-average discount rate – operating leases                            5.88                    5.88       

The
following is a schedule of future minimum payments under operating leases as of March 31:

  For the year ending March 31, 2026                      $165,868  
  Total lease payments                                     165,868  
  Less: imputed interest                                   ( 5,160  
  Total operating lease liabilities, net of interest      $160,708  

NOTE
11 - EQUITY

  (a)      Share Subdivision  

On June 4, 2024, the then sole shareholder of the Company, Grande
Holding Limited, approved a share subdivision of its issued and unissued shares at a ratio of100,000for one (1), pursuant to which each
of the Company’s existing issued and unissued ordinary share, par value $1.00per share, has been subdivided into100,000ordinary
shares, par value $0.00001per share, and all the subdivided shares be ranked pari passu in all respects with each other (the “ Share
Subdivision”).

  (b)      Share Redesignation - dual class structure  

On November 11, 2024, the Company
passed board and shareholder resolutions and approved that (i) re-designate (a)4,940,000,000authorized but unissued ordinary shares
of par value of $0.00001each into4,940,000,000Class A Ordinary Shares of par value of $0.00001each; and (b)50