Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 35

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 35
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sidiary will be in breach of the relevant licensing
requirements which could adversely affect our licensing status which may jeopardize our business operation.

Under the licensing requirements of the SFO, our
licensed corporation, which is also our Operating Subsidiary, Grande Capital, must have at all times at least two responsible officers
to directly supervise the business of each of our regulated activities. At the date of this annual report, Grande Capital has six Responsible
Officers for Type 1 (dealing in securities) and/or Type 6 (advising on corporate finance) regulated activities under the SFO. In
addition, to act as a sponsor and compliance adviser, Grande Capital must ensure that there are sufficient Principals engaged in a full
time capacity to oversee and supervise our transaction teams with at least two Principals engaged in a transaction team at all times.
Without an adequate number of Principals, we cannot accept new engagements and may not be permitted to carry on our current roles as sponsor
and compliance adviser.

In the event such number of our Responsible Officers
resign, become disqualified or otherwise ineligible to continue their role as Responsible Officer, and at the same time the void created
as a result thereof is without immediate and adequate replacement, this may result in a situation where one or more of the two regulated
activities of our Operating Subsidiary have fewer than two Responsible Officers. In this case, we will be exposed to operational disruption,
and thus may result in a breach of the relevant licensing requirement, which may subsequently result in the suspension of our HKSFC licenses
and jeopardize our business operations and financial performance.

We may not be able to implement our business
strategies and future plans successfully.

Our business strategies include to continue developing the corporate
finance advisory business; to further develop the ECM services, to develop our asset management business, and to promote and enhance our
brand locally and in the overseas. However, the successful implementation of these strategies and plans depends on a number of factors
including but not limited to the following:

  our ability to recruit and retain qualified and experienced professional staff; in particular, in the recruitment of qualified staff with relevant experience to support the expected commencemen...  
  our ability to cope with increased exposure to financial risk, operational risk, market risk, and credit risk arising from our expanded scope of business;                                            
  our ability to comply with all regulatory requirements and maintain/obtain the qualifications on the range of financial and securities services we provide or intend to provide to our clients