Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 80

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 80
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 in which we operate and our relatively short operating history. These risks and challenges include our ability to, among other things: •build a well -recognizedGrande brand; •maintain and expand our client base; •maintain and enhance our relationships with partners; •attract, retain, and motivate qualified employees; •anticipate and adapt to changing market conditions and a competitive landscape; •Respond effectively to technological changes and advancements in our industry; •Mitigate potential cybersecurity threats and protect sensitive client and company data; •manage our future growth; •ensure that the performance of the services of our Operating Subsidiary meets client expectations; •maintain or improve the operational efficiency of our Operating Subsidiary; •navigate a complex and evolving regulatory environment; •defend ourselves in any legal or regulatory actions against us and our Operating Subsidiary; If we fail to address any or all of these risks and challenges, our business may be materially and adversely affected. As our business develops and as we respond to competition, our Operating Subsidiary may continue to introduce new service offerings, make adjustments to our existing services, or make adjustments to our business operations in general. There is no assurance that we will sustain profitability or positive cash flow from our existing operations or from any expanded or new operations, nor that we will be able, upon the completion of the Offering, to expand operations beyond our current level. Any significant change to our business model that does not achieve expected results could have a material and adverse impact on our financial condition and results of operations. It is therefore difficult to effectively assess our future prospects. We rely on a limited number of key clients for our business, therefore, we are subject to significant client and industry concentration risk. For the six months ended September30, 2024 and the years ended March 31, 2024 and 2023, our top five clients accounted for 75.0%, 78.1% and 85.6% of our total revenues and our largest client accounted for 32.5%, 28.2% and 25.6% of our total revenue, respectively. Our clients are fairly concentrated and we rely on a limited number of key clients to generate revenue. Our client concentration risk is exacerbated due to our reliance on different clients, for different services engaged in different periods, and the fact that the revenue from our corporate finance advisory business was generated on a project -by -projectbasis and is non -recurringin nature. 38 Our concentration risk