Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 47

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 47
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ed by the PCAOB, a “material weakness” is a deficiency, or a combination of deficiencies, in internal control over
financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements
will not be prevented or detected on a timely basis.

The material weaknesses identified related to:
(1) our lack of sufficient financial reporting and accounting personnel with understanding of U. S. GAAP to address complex U. S. GAAP technical
issues, related disclosures in accordance with U. S. GAAP; (2) our lack of internal audit function to establish formal risk assessment
process and internal control framework; (3) IT deficiencies, including lack of formal IT policies and procedures, risk and vulnerability
assessments, recovery management, change management and system security. To remediate our identified material weaknesses, we have implemented
several measures to improve our internal control over financial reporting, including (i) engaging qualified financial and accounting advisory
team, external consultants, and additional staff with working experience in U. S. GAAP and SEC reporting requirements to strengthen our
financial reporting function, to further improve the efficiency and quality of our financial reporting, and to establish a comprehensive policy and procedure manual; (ii) hiring independent directors, establishing an audit committee
and strengthening corporate governance; (iii) implementingformal IT policies and procedures and enhancing our IT systems that support the Company’s revenue and related financial reporting
processes; and(iv) enhancing management reporting on the remediation measures to the board of directors, or audit committee members
as appropriate.

We are a public company
in the United States subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act of 2002 and the rules and regulations
of Nasdaq Capital Market. Section 404 of the Sarbanes-Oxley Act, or Section 404, require us to include a report from management on
the effectiveness of our internal control over financial reporting in our annual report on Form 20-F. In addition, once we cease
to be an “emerging growth company” as such term is defined in the JOBS Act, our independent registered public accounting firm
must attest to and report on the effectiveness of our internal control over financial reporting. Our management may conclude that our
internal control over financial reporting is not effective. Moreover, even if our management concludes that our internal control over
financial reporting is effective, our independent registered public accounting firm, after conducting its own independent testing