Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
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Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
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Item
3. Key Information

3. A. [Reserved]

3. B. Capitalization
and Indebtedness

Not applicable
for annual reports on Form 20-F.

3. C. Reasons
for the Offer and Use of Proceeds

Not applicable
for annual reports on Form 20-F.

3. D. Risk
Factors

You
should carefully consider the following risk factors, together with all of the other information included in this Annual Report. Investment
in our securities involves a high degree of risk. You should carefully consider the risks described below together with all of the other
information included in this Annual Report before making an investment decision. The risks and uncertainties described below represent
our known material risks to our business. If any of the following risks actually occurs, our business, financial condition or results
of operations could suffer. In that case, you may lose all or part of your investment.

Risks
Relating to Doing Business in the Jurisdictions in which we Operate

All
of our operations are in Hong Kong. However, due to the long-arm application of the current PRC laws and regulations,
the PRC government may exercise significant direct oversight and discretion over the conduct of the business of our subsidiaries and
may intervene or influence their operations, which could result in a material change in the operations of our Operating Subsidiary and/or
the value of Grande’s Class A Ordinary Shares. Our subsidiaries in Hong Kong may be subject to laws and regulations of Mainland
China, which may impair our ability to operate profitably and result in a material negative impact on our operations and/or the value
of our Class A Ordinary Shares. Furthermore, the changes in the policies, regulations, rules, and the enforcement of laws of Mainland
China may also occur quickly with little advance notice and our assertions and beliefs of the risk imposed by the Mainland China legal
and regulatory system cannot be certain.

The
business and operation of our Operating Subsidiary, Grande Capital, as a specialized corporate financial advisory services provider,
serves companies seeking to go public, listed companies, institutional investors, or other private or public companies in return for
professional fee or advisory fees. Our Operating Subsidiary is located and operate its business in Hong Kong, a special administrative
region of the PRC. Although some of our clients are companies from Mainland China or companies that have shareholders and directors
that are individuals from Mainland China, we and our Operating Subsidiary does