Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 14

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 14
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 rescinded. Any failure
to obtain or a delay in obtaining the necessary permissions from the PRC authorities to conduct offerings or list outside of the PRC may
subject us to sanctions imposed by the CSRC, CAC, or other PRC regulatory authorities. It could include fines and penalties, proceedings
against us, and other forms of sanctions, and our ability to conduct our business, invest into Mainland China as foreign investments or
accept foreign investments, ability to offer or continue to offer Class A Ordinary Shares to investors or list on the U. S. or other
overseas exchange may be restricted, and the value of our Class A Ordinary Shares may significantly decline or be worthless, our business,
reputation, financial condition, and results of operations may be materially and adversely affected. Any uncertainties and/or negative
publicity regarding such an approval requirement could have a material adverse effect on the trading price of our securities.

Our financial condition, results of operations,
the value of our Class A Ordinary Shares and/or our ability to continue to offer securities to investors may be materially and adversely
affected by existing or future PRC laws and regulations which may become applicable to us and our subsidiaries.

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. However, we and our Operating Subsidiary are subject
to certain legal and operational risks associated with our Operating Subsidiary being based in Hong Kong, having all of its operations
to date in Hong Kong, and having existing or potential clients that are companies based in Mainland China or have shareholders or
directors that are Mainland China individuals.

There is no guarantee
that if certain existing or future PRC laws become applicable to us and our subsidiaries, they will not have a material adverse impact
on the business of our subsidiaries in Hong Kong, our financial condition and results of operations and/or our ability to continue to
offer securities to investors, any of which may cause the value of such securities to significantly decline or be worthless.

Except for the Basic
Law, national laws do not apply in Hong Kong unless they are listed in Annex III of the Basic Law and are applied locally by promulgation
or local legislation. National Laws that may be listed