Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 110

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 110
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Item
5. Operating and Financial Review and Prospects

Overview

Our
mission is to become one of the most successful integrated financial service providers in Hong Kong and offer tailored, innovative
financial solutions to clients in Asia.

Headquartered
in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned
Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate
finance advisory services to clients in Asia. Grande Capital is a licensed corporation under the SFO to engage in Type 1 (dealing in
securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. Since Grande Capital, our Operating Subsidiary,
first obtained its licenses under the SFO on January 23, 2018, Grande Capital has sponsored and completed 16 successful IPOs (i. e. IPO
that successfully closed and listed) on the HKSE. For the years ended March 31, 2025, 2024 and 2023, Grande Capital sponsored and completed
nil, 3 and 3 successful IPOs on the HKSE, respectively. Furthermore, for the years ended March 31, 2025, 2024 and 2023, 1, nil and 2
listing applicants mandated the Operating Subsidiary as their listing sponsors for their IPO processes on the HKSE, respectively. From
March 31, 2025 to the date of the annual report, Grande Capital has not received any new listing sponsorship mandate.

For
the years ended March 31, 2025, 2024 and 2023, our total revenue was $4.3 million, $4.5 million and $3.9 million,
respectively. Our gross profit and net income were $3.3 million and $1.6 million, respectively, for the year ended March 31,
2025, as compared to our gross profit and net income of $3.0 million and $1.8 million, respectively, for the year ended March 31, 2024,
as compared to our gross profit and net income of $2.3 million and $1.3 million, respectively, for the year ended March 31,
2023.

The
services we offer include:

(1) IPO
sponsorship and related services

Grande
Capital acts as sponsor to companies aspiring