Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 56

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 56
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 The principal protection under statutory law is that shareholders may bring an action to enforce the constitutional
documents of the company (i. e. the Amended and Restated Memorandum and Articles of Association) as shareholders are entitled to have the
affairs of the company conducted in accordance with the BCA and the Amended and Restated Memorandum and Articles of Association of the
company. A shareholder may also bring an action under statute if he feels that the affairs of the company have been or will be carried
out in a manner that is unfairly prejudicial or discriminating or oppressive to him. The BCA also provides for certain other protections
for minority shareholders, including in respect of investigation of the company and inspection of the company books and records. There
are also common law rights for the protection of shareholders that may be invoked, largely dependent on English common law, since the
common law of the BVI for business companies is limited.

Certain corporate governance practices in the
BVI, which is our home country, differ significantly from requirements for companies incorporated in other jurisdictions such as the U. S.
To the extent we choose to follow home country practice with respect to corporate governance matters, our shareholders may be afforded
less protection than they otherwise would under rules and regulations applicable to U. S. domestic issuers.

As a result of all of the above, our public shareholders
may have more difficulty in protecting their interests in the face of actions taken by our management, members of the board of directors
or controlling shareholders than they would as public shareholders of a company incorporated in the United States.

Risks Relating to Our Class A Ordinary Shares

Our Class A Ordinary
Shares may be delisted or prohibited from being traded over-the-counter under the HFCAA if the PCAOB is unable to inspect or investigate
completely the Company’s auditor for two consecutive years.

Our
independent registered public accounting firm issued an audit opinion on the financial statements included in this annual report filed
with the SEC. As an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB, our auditor
is required by the laws of the United States to undergo regular inspections by the PCAOB.

Our auditor, WWC, P. C., the independent registered
public accounting firm that issues the audit report included elsewhere in this annual report, as a firm headquartered in California and
registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess
our auditor