Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 28

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 28
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itions on our future business activities or suspension or revocation of our licenses, and consequently may materially and adversely affect our business, financial condition, and results of operations. In addition, we may, from time to time, be subject to regulatory inquiries and investigations by relevant regulatory authorities or government agencies in Hong Kong or other applicable jurisdictions. •We, through our Hong Kong subsidiaries, have a relatively short operating history compared to some of our established competitors and face significant risks and challenges in a rapidly evolving market, which makes it difficult to effectively assess our future prospects. 9 •We rely on a limited number of key clients for our business, therefore, we are subject to significant client concentration risk. •Our revenue and profitability are highly unpredictable, since (1) the revenue from our corporate finance advisory business was generated on a project -by-projectbasis and is non -recurringin nature; (2) progress -basedpayment arrangement; and (3) possible default or delay of payments from our clients •We and our subsidiaries may be subject to litigation, arbitration, regulatory proceedings, or other legal proceeding risks, in particular, we may be subject to various professional liabilities and claims. •Illegal or improper activities, violation of professional standards, and the misconduct of our personnel or third parties could harm our reputation and businesses. Our business and prospects may be materially and adversely affected if our risk management and internal control systems are ineffective or inadequate, and we may not be able to fully detect money laundering and other illegal or improper activities in our business operations on a timely basis or at all, which could subject us to liabilities and penalties. •We are exposed to risks associated with retention and recruitment of licensed and/or qualified personnel. Furthermore, where one or more of the regulated activities of our Operating Subsidiary has less than two responsible officers, our Operating Subsidiary will be in breach of the relevant licensing requirements which could adversely affect our licensing status which may jeopardize our business operation. •Our management team lacks experience in managing a U.S. public company. For a detailed description of the risks above, please refer to pages 31 to 40. Risks Relating to Our Corporate Structure •We rely on dividends and other distributions on equity paid by our subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business. •The dual -classstructure of our Ordinary Shares will have the effect of concentrating voting control with our Controlling