Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 39

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 39
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have a material adverse impact on our financial condition, results of operations and cash flows. In addition, negative publicity regarding
claims or judgments made against us may damage our reputation and may result in a material adverse impact on us.

Illegal or improper activities, violation
of professional standards, and the misconduct of our personnel or third parties could harm our reputation and businesses, and are difficult
to detect or deter.

We and our subsidiaries are subject to the risk
of fraud, illegal act or misconduct committed by our directors, licensed employees, agents, clients or other third parties. Misconduct
includes entering into unauthorized transaction, improperly using or divulging inside information, recommending transactions not suitable
for our clients, engaging in fraudulent activities, or engaging in improper or illegal activities. There is no assurance that our directors,
employees, agents, clients or other third parties would not commit incidents of fraud or other misconduct in the future, and we cannot
assure that our procedures and policies would fully prevent or detect illegal or improper activities in our business operations. Such
incidents may result in investigation and regulatory sanction against us and cause us to suffer financial loss and reputational harm.
We may also need to incur costs to commence and participate in any legal proceedings against them to recover our loss. The potential harm
to our reputation and to our business caused by such fraud or misconduct is impossible to quantify.

Our Operating Subsidiary is also subject to a
number of obligations and standards arising from its business. The violation of these obligations and standards by any of our directors,
officers, employees, agents, clients, or other third parties could materially and adversely affect us and our investors. For example,
we and Operating Subsidiary are required to properly handle confidential information. If our directors, officers, employees, agents, clients,
or other third parties were to improperly use or disclose confidential information, we could suffer serious harm to our reputation, financial
position, and existing and future business relationships.

We and our subsidiaries may not be able
to fully detect money laundering and other illegal or improper activities in our business operations on a timely basis or at all, which
could subject us to liabilities and penalties.

We and subsidiaries are required to comply with
applicable anti-money laundering and anti-terrorism laws and other regulations in the jurisdictions where we operate. Although
our Operating Subsidiary and us have adopted policies and internal control procedures aimed at detecting, and preventing being used for,
money-laundering activities by criminals or terrorist-related organizations and individuals, or improper