Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 174

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 174
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 any trade secrets, other information of a confidential nature or non -publicinformation of or relating to us in respect of which we owe a duty of confidentiality to a third party. In addition, each Named Directors and Officers has agreed not to, for a period of one year following the termination of his employment, carry on any business in direct competition with the business of the Grande group of companies, solicit or seek or endeavor to entice away any customers, clients, representative, or agent of the Grande group of companies or in the habit of dealing with the Grande group of companies who is or shall at any time within two years prior to such cessation have been a customer, client, representative, or agent of the Grande group of companies, and use a name including the words used by the Grande group of companies in its name or in the name of any of its products, services or their derivative terms, or Chinese or English equivalent in such a way as to be capable of or likely to be confused with the name of the Grande group of companies. Grande Capital Limited, the Operating Subsidiary of the Company also has entered standard employment agreements with Ms. Yujie, CHEN, Mr.Ying Wo Sammy, HO and Ka Wing Eric, LAW, in the form of Letter of Employment with on April3, 2019, December1, 2023, and March19, 2024, respectively. The Named Directors and Officers will continue to receive cash compensation, in the form of salary from the Operating Subsidiary. Agreements with independent directors We entered into director offer letters with each of our independent director nominees which agreements set forth the terms and provisions of their engagement. 109 Compensation of Directors and Executive Officers For the year ended March 31, 2024, Grande Capital paid an aggregate of HK$930,000 (approximately US$119,231), as compensation to our directors and executive officers as well as an aggregate of HK$19,500 (approximately US$2,500), as contributions to the Mandatory Provident Fund (“MPF”), a statutory retirement scheme introduced after the enactment of the Mandatory Provident Fund Schemes Ordinance in Hong Kong. As the appointments of our independent directors will only become effective upon the effectiveness of the registration statement of which this prospectus forma a part, for the six months ended September30, 2024 and the fiscal year ended March 31, 2024, we did not have any non -executivedirectors and therefore have not paid any compensation to any non