Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 105

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 105
---
 Operating Subsidiary could be subject to the regulatory oversights
from the CSRC and regulations of the Trial Administrative Measures for its business of providing listing sponsorship of PRC domestic
companies, including:

Registration
and Reporting Obligations

According
to the Article 21 of the Trial Administrative Measures and its Supporting Guideline No. 5, Parts 1 and 2, as transitional arrangements,
sponsors and lead underwriters engaged before 31 March 2023 for overseas listing applications to the CSRC by the PRC domestic companies
shall make filing with the CSRC within 30 working days after 31 March 2023 in a prescribed form specified in Supporting Guideline
No.5. Sponsors or lead underwriters who are being engaged for Overseas Listings after 31 March 2023, shall within 10 working days
after signing its first engagement agreement, submit to the CSRC a prescribed form specified in Supporting Guideline No.5. Such filing
only needs to be done once, not on case-by-case basis. They must update the CSRC within 10 working days in case of changes of details
previously filed. According to the Article 21 of the Trial Administrative Measures, no later than January 31 each year, offshore
securities companies that serve as sponsors or lead underwriters for Overseas Listings shall submit an annual report to the CSRC on its
relevant business activities in the previous year on all overseas listings.

Supporting
Guideline No. 3 Part 1 of the Trial Administrative Measures provides requires the Specific IPO Case Report shall be submitted in
the names of the sponsor or lead underwriter, together with the listing applicant. The Specific IPO Case Report should include a summary
of the share issuance, such as methods of listing, stock codes of applicant, general listing timetable, expected listing proceeds, listing
expenses, offering size and structure, underwriting amount, pricing, details of cornerstone investors. Such report be submitted in the
names of the listing applicant or listed issuer, together with the sponsor or lead underwriter, and to be filed after listing.

Verification
and Supervisory Obligations

According
to the Article 20 of the Trial Administrative Measures, securities companies, including the offshore securities companies, have
the obligation to thoroughly examine and verify the documents for the CSRC Filing. Securities companies shall ensure that: (i) the
documents do not contain material inconsistencies, are properly drafted and that the conditions for overseas listings are satisfied;
(ii) the