Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 277

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 277
---
, 2024 and 2023 originated in the HK SAR. NOTE 16 — REGULATORY REQUIREMENTS The following table illustrates the minimum liquid capital as established by the Securities and Futures Commission of Hong Kong that the Company’s subsidiary is required to maintain as of September30, 2024 and March 31, 2024 and the actual amounts of capital that were maintained:

| Capital requirements as of September 30, 2024 |     | Minimum        
 liquid capital 
 requirements   |         |     | Capital levels 
 maintained     |           |
|:----------------------------------------------|:----|:---------------|--------:|:----|:---------------|----------:|
| Grande Capital                                |     | $              | 384,615 |     | $              | 1,624,586 |

| Capital requirements as of March 31, 2024 |     | Minimum        
 liquid capital 
 requirements   |         |     | Capital levels 
 maintained     |           |
|:------------------------------------------|:----|:---------------|--------:|:----|:---------------|----------:|
| Grande Capital                            |     | $              | 384,615 |     | $              | 2,303,261 |

The Company’s operation subsidiary maintains a capital level greater than the minimum liquid capital requirements and it is in compliance with the minimum liquid capital established by the Securities and Futures Commission of Hong Kong. NOTE 17 — RISKS A.Credit risk Accounts receivable and contract assets In order to minimize the credit risk, the management of the Company has delegated a team responsible for determination of credit limits and credit approvals. Other monitoring procedures are in place to ensure that follow -upaction is taken to recover overdue debts. Internal credit rating has been given to each category of debtors after considering aging, historical observed default rates, repayment history and past due status of respective accounts receivable and contract assets. Estimated loss rates are based on probability of default and loss given default with reference to an external credit report and are adjusted for reasonable and supportable forward -lookinginformation that is available without undue costs or effort while credit -impairedtrade balances were assessed individually. In this regard, the directors consider that the Company’s credit risk is significantly reduced. The maximum potential loss of accounts receivable and contract assets for the six months ended September 30, 2024 is $632,033.

F-49

NOTE 17 — RISKS (cont.) Bank balances The Company is exposed to concentration of credit risk on liquid funds. The Company