Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 71

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 71
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Item
4. Information on the Company

4. A. History and Development of the Company

Grande Group Limited is a holding company incorporated
in the British Virgin Islands. As a holding company with no material operations, Grande Group Limited conducts all its operations through
its operating entity, Grande Capital Limited. Grande Capital Limited was incorporated under the laws of Hong Kong on April 6, 2017. Grande
Capital Limited is a limited liability company licensed with the HKSFC to undertake Type 1 (dealing in securities) and Type 6 (advising
on corporate finance) regulated activities. Grande Capital Limited is our Operating Subsidiary and is wholly owned by Grande Group Limited.
Grande Securities Limited (formerly known as “ Joyful Dragon Corporation Limited”) was incorporated under the laws of Hong
Kong on March 5, 2021. Grande Securities Limited is a partially owned subsidiary of Grande Group Limited. Grande Securities Limited is
not engaging in any business and is currently dormant.

All of our operations are conducted by our Operating
Subsidiary in Hong Kong. We and our subsidiaries do not have any operation, maintain office or personnel or physical presence in
Mainland China, nor currently do we have, nor intend to have, any contractual arrangements to establish a variable interest entity (“ VIE”)
structure with any entity in Mainland China.

As a holding
company, Grande Group Limited relies on dividends or payments to be paid by its Hong Kong subsidiaries (i. e. Grande Capital
and Grande Securities), to fund its cash and financing requirements, including the funds necessary to pay dividends and other cash distributions
to our shareholders and U. S. investors, to service any debt we may incur and to pay our operating expenses. The
subsidiaries’ ability to pay dividends to the Company may be restricted by the debt the subsidiaries incur on their own or laws
and regulations applicable to them. See “ Item 3. Key Information - 3. D. Risk Factors - Risks related 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.”

Corporate History

Grande Group Limited, formerly known as “ Hero
Intelligence Group Limited”, was incorporated as a limited liability company on August 6, 2020, under the law of the