Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 60

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 60
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 us.

We may experience extreme stock price volatility
unrelated to our actual or expected operating performance, financial condition or prospects, making it difficult for prospective investors
to assess the rapidly changing value of our Class A Ordinary Shares, and could result in substantial losses to you.

The trading prices of our Class A Ordinary Shares
are likely to be highly volatile and could fluctuate widely due to factors beyond our control. This may happen due to broad market and
industry factors, such as performance and fluctuation in the market prices or underperformance or deteriorating financial results of other
listed companies based in Hong Kong and China. The securities of some of these companies have experienced significant volatility
since their initial public offerings, including, in some cases, substantial price declines in the trading prices of their securities.
The trading performances of other Hong Kong and Chinese companies’ securities after their offerings may affect the attitudes
of investors towards Hong Kong-based U. S. - listed companies, which consequently may affect the trading performance of our
Class A Ordinary Shares, regardless of our actual operating performance. In addition, any negative news or perceptions about inadequate
corporate governance practices or fraudulent accounting, corporate structure or matters of other Hong Kong and Mainland Chinese companies
may also negatively affect the attitudes of investors towards Hong Kong and Mainland Chinese companies in general, including us,
regardless of whether we have conducted any inappropriate activities. Furthermore, securities markets may from time to time experience
significant price and volume fluctuations that are not related to our operating performance, which may have a material and adverse effect
on the trading price of our Class A Ordinary Shares.

In addition to the above factors, the price and
trading volume of our Class A Ordinary Shares may be highly volatile due to multiple factors, including the following:

  regulatory developments affecting us or our industry;                                                                                                                                     
  variations in our revenues, profit, and cash flow;                                                                                                                                        
  the general market reactions and financial market fluctuation due to the continuous Russo-Ukraine conflicts;                                                                              
  changes in the economic performance or market valuations of other financial services firms; political, social and economic conditions in Mainland China and Hong Kong;                    
  actual or anticipated fluctuations in our quarterly results of operations and changes or revisions of our expected results;                                                               
  fluctuations of exchange rates among Hong Kong dollar, Renminbi, and the U. S. dollar;                                                                                                    
  changes in financial estimates by securities research analysts;                                                                                                                           
  detrimental negative publicity about us, our services, our officers, directors, Controlling