Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 40

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 40
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 for its business of providing listing sponsorship of PRC domestic companies. 15 As stipulated by the Trial Administrative Measures, if the CSRC were to believe, in the process of execution of the projects sponsored by our Operating Subsidiary, that the Operating Subsidiary is in violation of its undertakings to the CSRC, or failed to exercise proper diligence, or has made misrepresentations to the CSRC or relevant PRC authority, the CSRC and PRC authorities may issue correction order and warnings, impose of pecuniary penalties against us, the responsible staff, directors, or other officers of the Operating Subsidiary, and prohibit us and our Operating Subsidiary from providing our services to PRC domestic companies in Mainland China, thereby causing our Operating Subsidiary to lose access to the Mainland China market. Furthermore, the Trial Administrative Measure explicitly stipulated that the CSRC may also refer the relevant information concerning the alleged misconduct or violation to CSRC’s regulatory counterparts in overseas jurisdiction, i.e., the HKSFC in Hong Kong, which governs and regulates the business operation of our Operation Subsidiary, we and our Operating Subsidiary could be subject to inquiries, reviews or investigations, disciplinary actions, revocation or suspension of licenses, public or private reprimand or imposition of pecuniary penalties, by the HKSFC. See “Risk Factors — Risks relating to the Industry in which we Operate — The operation of the Operating Subsidiary is subject to extensive and evolving regulatory requirements in Hong Kong, the non -compliancewith which may result in penalties, limitations, and prohibitions on our future business activities or suspension or revocation of the licenses of the Operating Subsidiary, and consequently may materially and adversely affect our business, financial condition, and results of operations. In addition, we and our Operating Subsidiary may, from time to time, be subject to regulatory inquiries, investigations, and even penalties by relevant regulatory authorities or government agencies in Hong Kong or other applicable jurisdictions, such as the PRC, where a portion of our clients are based” and “Risk Factors — Risks relating to the Industry in which we Operate — A portion of our clients are “PRC domestic companies” based in Mainland China whose overseas listings are subject to CSRC review. As long as our Operating Subsidiary engages the PRC domestic companies as clients or conduct regulated activities in Hong Kong that involve such companies, our Operating