Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 248

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 248
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cont.) D.Economic and political risks The Company’s operations are mainly conducted in the HK SAR. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by changes in the political, economic, and legal environments in the HK SAR. The Company’s operations in the HK SAR are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the HK SAR, and by changes in governmental policies with respect to laws and regulations, anti -inflationarymeasures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. E.Inflation risk Management monitors changes in prices levels. Historically inflation has not materially impacted the Company’s consolidated financial statements; however, significant increases in the price of labor that cannot be passed to the Company’s customers could adversely impact the Company’s results of operations. NOTE 16 — RELATED PARTY TRANSACTIONS (a) Names and relationship of related parties:

| Name of related parties 
 Yujie, Chen             
 Chi Bun Alan, Chung     |     | Relationship with the Company                                                                
 Chief executive officer, a director since January 17, 2023 and beneficial shareholder        
 A director during the period from May 31, 2021 to January 17, 2023                           |
|:------------------------|:----|:---------------------------------------------------------------------------------------------|
| Hao Xiang, Pan          |     | A director during the period from January 17, 2023 to January 9, 2024                        |
| Tak Kai Raymond, Tam    |     | A director during the period from August 20, 2020 to May 21, 2024 and beneficial shareholder |
| Grande Holding Limited  |     | Sole shareholder                                                                             |

(b) Summary of balances with related parties:

| Amounts due to a related party: |     | March 31, 
 2024      |            |   |     | 2023 |            |   |
|:--------------------------------|:----|:----------|:-----------|:--|:----|:-----|:-----------|:--|
| Grande Holding Limited          |     | $         | (1,852,115 | ) |     | $    | (1,857,845 | ) |

As of March 31, 2024 and