Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 5

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 5
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 this annual report, as our Operating Subsidiary
is located in Hong Kong, we are not currently required to obtain permission from the PRC government to list on a U. S. securities
exchange. However, there is no guarantee that this will continue to be the case in the future in relation to the continued listing of
our securities on a securities exchange outside of the PRC, or even when such permission is obtained, it will not be subsequently denied
or rescinded. The PRC government may intervene or influence our operations at any time or may exert control over offerings conducted
overseas and foreign investment in Hong Kong-based issuers, which may result in a material change in our operations and/or
the value of our Class A Ordinary Shares. For example, there is currently no restriction or limitation under the laws of Hong Kong
on the conversion of HK dollar into foreign currencies and the transfer of currencies out of Hong Kong and the laws and regulations
of the PRC on currency conversion control do not currently have any material impact on the transfer of cash between the ultimate holding
company and the Operating Subsidiary in Hong Kong. However, the Chinese government may, in the future, impose restrictions or limitations
on our ability to move money out of Hong Kong to distribute earnings and pay dividends to and from the other entities within our
organization or to reinvest in our business outside of Hong Kong. Such restrictions and limitations, if imposed in the future, may
delay or hinder the expansion of our business to outside of Hong Kong and may affect our ability to receive funds from our Operating
Subsidiary in Hong Kong. The promulgation of new laws or regulations, or the new interpretation of existing laws and regulations,
in each case, that restrict or otherwise unfavorably impact the ability or way we conduct our business, could require us to change certain
aspects of our business to ensure compliance, which could decrease demand for our services, reduce revenues, increase costs, require
us to obtain more licenses, permits, approvals or certificates, or subject us to additional liabilities. To the extent any new or more
stringent measures are required to be implemented, our business, financial condition and results of operations could be adversely affected
and such measured could materially decrease the value of our Class A Ordinary Shares, potentially rendering it worthless.

If we and our subsidiaries were to be required
to comply with cybersecurity, data privacy, data protection, or any other PRC laws and regulations related thereto and we and our subsidiaries