Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 38

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 38
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 China, thereby causing our Operating Subsidiary to lose access to 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, even though our Operating Subsidiary and we are not subject to the jurisdiction of the CSRC. 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.” for further details. As of the date of this prospectus, neither we nor our Operating Subsidiary have been informed by any PRC governmental authority, including the CSRC, of the violation of the undertaking or any obligations to the CSRC. We believe our Operating Subsidiary and we have complied with all applicable laws and regulations in connection with the engagement with PRC clients in Mainland China in all material respects. We are also aware that PRC authorities have recently imposed penalties against several offshore online securities brokerage firms outside of Mainland China and banned such firms from offering trading services to Mainland China clients, alleging that such firms have unlawfully offered offshore securities trading services in Mainland China, and unlawfully solicited Mainland China retail investors. As confirmed and advised by our PRC Counsel, China Commercial Law Firm, these regulatory actions of PRC authorities will not have an impact on the business and operations of our Operating Subsidiary or this Offering, our Operating Subsidiary is not subject to the relevant P