Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 177

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 177
---
 highly
interdependent and interrelated and are not separable or distinct as the Company’s customers cannot benefit from any standalone
task and therefore, in accordance with ASC 606-10-25-21 (c) and ASC 606-10-25-19 (b), the Company accounts for all of
the independent financial advisory services promised in the contract as a single performance obligation.

Following
the fact pattern provided, the independent financial advisory services does not meet criterion ASC 606-10-25-27 (a) because
the customer does not simultaneously receive and consume the benefits provided by the Company’s performance during the services
period. The customer only receives the benefits when the Company completes all of its services.

The
independent financial advisory services also do not meet criterion ASC 606-10-25-27 (b) because there is no asset controlled
by the customers during the period.

The
agreements do not have a right to payment clause. The initial deposit normally only represents 37

As
a result, the services fee income is recognized at the point in time when the Company completes its independent financial advisory services.

Compliance
advisory services

The
Company enters into an agreement with its customers for compliance advisory services mainly include advisory works to listed companies
in Hong Kong in relation to post-listing compliance matters, in return for a monthly fee.

The
services carried out by the Company can vary from project to project and generally involves a series of tasks which are usually highly
interdependent and interrelated and are not separable or distinct as the Company’s customers cannot benefit from any standalone
task and therefore, in accordance with ASC 606-10-25-21 (c) and ASC 606-10-25-19 (b), the Company accounts for all of
the compliance advisory services promised in the contract as a single performance obligation.

Following
the fact pattern provided, the compliance advisory services meet criterion ASC 606-10-25-27 (a) because the customer simultaneously
receives and consumes the benefits provided by the Company’s performance during the services period, i. e. ongoing advisory services.
Also, the Company concludes that the services provided each month are substantially similar and result in the transfer of substantially
similar services to the customers each month. That is, the benefit consumed by the customers is substantially similar each month, even
though the exact volume of services may vary.

As
a result, the Company recognizes revenues from compliance advisory services on a monthly basis when