Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 267

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 267
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Depreciation expense for the years ended March 31, 2024 and 2023 was $20,267 and $34,369, respectively. NOTE 6 — CONCENTRATIONS OF RISK Customer concentrations For the years ended March 31, 2024 and 2023, revenue from top five customers of the Company accounted for an aggregate of 78.1% and 85.6% of the Company’s total revenue. None of these customers are related parties of the Company. And there were three customers that each accounted for 10% or more of total revenues, respectively. Customers accounting for 10% or more of the Company’s revenue were as follows:

|            |     | March 31, |   |     |      |   |
|            |     |      2024 |   |     | 2023 |   |
| Customer A |     |      N/A* |   |     | 25.6 | % |
| Customer B |     |      N/A* |   |     | 25.2 | % |
| Customer C |     |      N/A* |   |     | 23.4 | % |
| Customer D |     |      28.2 | % |     | N/A* |   |
| Customer E |     |      25.2 | % |     | N/A* |   |
| Customer F |     |      18.9 | % |     | N/A* |   |

____________ *Revenue from these customers is individually less than 10% of the total revenue of the Company for the respective year. As of March 31, 2024 and 2023, there were four and one customers each with accounts receivable accounting for 10% or more of the Company’s total accounts receivable, respectively. The details are as follows:

|            |     | March 31, |   |     |      |   |
|            |     |      2024 |   |     | 2023 |   |
| Customer B |     |      N/A* |   |     | 95.4 | % |
| Customer D |     |      47.7 | % |     | N/A* |   |
| Customer G |     |      16.1 | % |     | N/A* |   |
| Customer H |     |      16.1 | % |     | N/A* |   |
| Customer