Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 129

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 129
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. Off-Balance Sheet Arrangements We had not entered any material off -balancesheet transactions and arrangements during the six months ended September30, 2024 and 2023 and the years ended March31, 2024 and 2023. Leased Properties Our Operating Subsidiary, Grande Capital, leases an office in Room 2701, 27/F, Tower1, Admiralty Center, No. 18 Harcourt Road, Hong Kong, with a term from April 2023 to March 2026. The monthly rent for the office is $13,822 (HK$107,814). 72

Contractual Obligations The following table summarizes our contractual obligations as of September 30, 2024:

|                                                |     | Payment due by period |   |     |        |   |     |           |     |         |   |
|                                                |     |             Less than 
                1 year |   |     | 1 to 3 
  years |   |     | More than 
 3 years   |     |   Total |   |
| Future minimum payments under operating leases |     |               165,868 |   |     | 82,934 |   |     | —         |     | 248,802 |   |
| Less: imputed interest                         |     |                (9,801 | ) |     | (1,403 | ) |     | —         |     | (11,204 | ) |
| Lease obligation                               |     |               156,067 |   |     | 81,531 |   |     | —         |     | 237,598 |   |

Capital Expenditures We and our subsidiaries had not purchased any leasehold improvement and equipment for use in our operations during the six months ended September30, 2024 and 2023 and the years ended March31, 2024 and 2023. Use of Estimates The preparation of the consolidated financial statements in conformity with the US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include the allowance for expected credit losses on accounts receivable and other current assets, useful life of leasehold improvement and equipment, recognition and measurement of operating lease right -of -useasset and operating lease liability and valuation allowance for deferred tax asset. Management