Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 41

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 41
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19 a pandemic, which had spread throughout the world and
had resulted in the implementation of stringent governmental measures, including lockdowns, closures, quarantines, and travel bans or
restrictions, temporary closure of businesses, intended to control the spread of the virus by different countries.

Though the impact of outbreaks of pandemic such
as COVID-19 is temporary and not permanent, the frequent outbreak of different kinds of epidemics and pandemics including the new or more
severe strains of the virus and their variants are highly uncertain and unpredictable, and the resultant anti-pandemic measures would
inevitably result in slowdown of economic activities and volatility of stock markets in both Hong Kong and worldwide which, in totality,
may adversely affect or delay our potential customers’ plans to commence their IPO and/or other fund raising and corporate activities.

In addition, our business could also be materially
and adversely affected by catastrophic events or other business continuity problems, such as natural or man-made disasters, fire,
floods, typhoons, earthquakes, power loss, telecommunications failures, break-ins, war, riots, political unrest, terrorist attacks or
similar events may give rise to server interruptions, breakdowns, system failures, technology platform failures or Internet failures,
which could cause the loss or corruption of data or malfunctions of software or hardware as well as adversely affect our ability to operate,
including communicating with clients and the relevant listing authorities. Moreover, besides COVID-19, our business and ability to operate
could also be adversely affected by Ebola virus disease, Zika virus disease, H1N1 flu, H5N1 flu, H7N9 flu, avian flu, Swine flu, SARS
or other epidemics.

Our headquarters are located in Hong Kong,
where our directors and management and a majority of our employees currently reside. Consequently, we and subsidiaries are highly susceptible
to factors adversely affecting Hong Kong. A disaster or a disruption in the infrastructure that supports our businesses, a disruption
involving electronic communications or other services used by us or third parties with whom we conduct business, or a disruption that
directly affects our headquarters, could have a material adverse impact on our ability to continue to operate our business without interruption.
The business of our subsidiaries could also be adversely affected if our employees are affected by pandemics. In addition, our results
of operations could be adversely affected to the extent that any pandemic harms the Chinese or Hong Kong economy in general. The
incidence and severity of disasters or other business continuity