Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 101

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 101
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 Chen, through Grande Holding Limited, will hold 96.30% of the aggregate voting power of our issued and outstanding Ordinary Shares, assuming that the underwriters do not exercise their over -allotmentoption. Because of the one -to -twentyvoting ratio between our Class A and Class B Ordinary Shares, Mr. Tam and Ms. Chen, through Grande Holding Limited, will continue to control a majority of the combined voting power of our Ordinary Shares and therefore be able to control all matters submitted to our shareholders for approval so long as the Class B Ordinary Shares held by Grande Holding represent at least 51% of the voting power of all outstanding Ordinary Shares, i.e. the high -voteshares shareholder must keep more than 2,990,625 Class B Ordinary Shares after the Offering to control the outcome of matters submitted to shareholders for approval. This concentrated control will limit the ability of holders of Class A Ordinary Shares to influence corporate matters for the foreseeable future. Our Amended and Restated Memorandum and Articles of Association do not include the sunset provisions to limit the lifespan of the Class B Ordinary Shares (meaning the high -votefeature of our Class B Ordinary Shares may persist indefinitely). The death of the ultimate beneficial owner of our Class B Ordinary Shares or intra -familytransfers of Class B Ordinary Shares would not require conversion of the Class B Ordinary Shares. Furthermore, should the Company decide to issue additional Ordinary Shares in the future, the one -to -twentyvoting ratio between the two classes of our ordinary shares will result in further dilutive effect on the holders of Class A Ordinary Shares. As a result, for so long as Grande Holding Limitedowns a controlling or significant voting interest in our Ordinary Shares, it generally will be able to control or significantly influence, directly or indirectly and subject to applicable law, all matters affecting us, including: •the election of directors; •determinations with respect to our business direction and policies, including the appointment and removal of directors; •determinations with respect to corporate transactions, such as mergers, business combinations, change in control transactions or the acquisition or the disposition of assets; •our financing and dividend policy; •determinations with respect to our tax returns; and •compensation and benefits programs and other human resources policy decisions. Even if Grande Holding Limited were to dispose of certain of its shares of our Ordinary Shares such that it would control less than a majority of the voting power of our outstanding Ordinary Shares, it may be able to influence the outcome of corporate