Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 134

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 8
Chunk 134
---
Item
8. Financial Information

A.
Consolidated Statements and Other Financial Information

Please
refer to “ Item 18. Financial Statements.”

Legal
Proceedings

As of the date of this annual report, we and our subsidiaries had not
been involved in any legal proceedings, investigations, claims nor had we been aware of any pending or threatened litigation, arbitration
or other claims which would have a material adverse impact on the operations, financial position and reputation of us.

Dividend
Policy

On
June 25, 2024, Grande Capital Limited declared a cash dividend of HK$6 million (approximately US$769,231) to our Controlling
Shareholder, Grande Holding Limited, for the purpose of distribution of profits obtained during the year. Save as previously
disclosed, as of the date of the annual report, and the years ended March 31, 2025, 2024, and 2023 neither Grande nor its
subsidiaries have declared or made any dividend or contribution to their respective shareholders.

We
anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore,
we do not expect to pay cash dividends to public shareholders of Grande in the foreseeable future.

Subject
to the BVI Act and our Amended and Restated Memorandum and Articles of Association, our board of directors may, by resolution of directors,
authorize and declare a dividend to Grande’s shareholders at such time and of such an amount as they think fit if they are satisfied,
on reasonable grounds, that immediately after the distribution (a) we will be able to pay our debts as they fall due; and (b) the value
of our assets exceeds our liabilities.

As
we are a holding company, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any
dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses.
Grande’s ability to pay dividends to the shareholders will depend on, among other things, the availability of dividends from
our Operating Subsidiary, Grande Capital. According to the BVI Act, a BVI company may make dividends distribution to the extent that
immediately after the distribution, the value of the company’s assets exceeds its liabilities and that such company is able to
pay its debts as they fall due. There is no further British Virgin Islands statutory restriction on the amount of funds which may be distributed
by