Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 62

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 62
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ained. If an active market does not develop, holders of our Class A Ordinary Shares may be unable to readily sell the shares they
hold or may not be able to sell their shares at all.

Volatility in our Class A Ordinary
Shares price may subject us to securities litigation.

The market for our Class
A Ordinary Shares may have, when compared to seasoned issuers, significant price volatility and we expect that our share price may continue
to be more volatile than that of a seasoned issuer for the indefinite future. In the past, plaintiffs have often initiated securities
class action litigation against a company following periods of volatility in the market price of its securities. We may, in the future,
be the target of similar litigation. Securities litigation could result in substantial costs and liabilities and could divert management’s
attention and resources.

If we fail to meet applicable listing requirements,
Nasdaq may delist our Class A Ordinary Shares from trading, in which case the liquidity and market price of our Class A Ordinary Shares
could decline.

We cannot assure you that we will be able to meet
the continued listing standards of Nasdaq in the future. If we fail to comply with the applicable listing standards and Nasdaq delists
our Class A Ordinary Shares, we and our shareholders could face significant material adverse consequences, including:

  a limited availability of market quotations for our Class A Ordinary Shares;                                                                                                                          
  reduced liquidity for our Class A Ordinary Shares;                                                                                                                                                    
  a determination that our Class A Ordinary Shares are “penny stock”, which would require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result in a...  
  a limited amount of news about us and analyst coverage of us; and                                                                                                                                     
  a decreased ability for us to issue additional equity securities or obtain additional equity or debt financing in the future.                                                                         

The National Securities Markets Improvement Act of 1996,
which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as “covered
securities.” Because our shares have been approved for listing on Nasdaq, such securities are covered securities. Although the states
are preempted from regulating the sale of our securities, the federal statute does allow the states to investigate companies if there
is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities
in a particular case. Further, if we were no longer listed on Nasdaq, our securities would