Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 205

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 205
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 and the shareholder then have 30 days to agree upon the price. If the Company and a shareholder fail to agree on the price within the 30 days, then the Company and the shareholder shall, within 20 days immediately following the expiration of the 30 -dayperiod, each designate an appraiser and these two appraisers shall designate a third appraiser. These three appraisers shall fix the fair value of the shares as of the close of business on the day prior to the shareholders’ approval of the transaction without taking into account any change in value as a result of the transaction. Shareholders’ Suits There are both statutory and common law remedies available to our shareholders as a matter of British Virgin Islands law. These are summarized below. Prejudiced members A shareholder who considers that the affairs of the Company have been, are being, or are likely to be, conducted in a manner that is, or any act or acts of the Company have been, or are, likely to be oppressive, unfairly discriminatory or unfairly prejudicial to him in that capacity, can apply to the court under Section 184I of the BVI Act, inter alia, for an order that his shares be acquired, that he be provided compensation, that the British Virgin Islands Court regulate the future conduct of the Company, or that any decision of the Company which contravenes the BVI Act or our Amended and Restated Memorandum and Articles of Association be set aside. Derivative actions Section 184C of the BVI Act provides that a shareholder of a company may, with the leave of the Court, bring an action in the name of the Company in certain circumstances to redress any wrong done to it. Such actions are known as derivative actions. The BVI Court may only grant permission to bring a derivative action where the Court is satisfied that: •the Company does not intend to bring, diligently continue or defend or discontinue proceedings; and •it is in the interests of the Company that the conduct of the proceedings not be left to the directors or to the determination of the shareholders as a whole. When considering whether to grant leave, the British Virgin Islands Court is also required to have regard to the following matters: •whether the shareholder is acting in good faith; •whether a derivative action is in the Company’s best interests, taking into account the directors’ views on commercial matters; •whether the action is likely to proceed; •the costs of the proceedings in relation to the relief likely to be obtained; and •whether an