Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 176

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 176
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 Codes, in relation to the transactions; and (ii) project coordination
works for clients pursuing listing on other stock exchanges, such as the U. S. exchanges.

The
Company charged a fixed fee payable by progress payment based on achievement of certain milestones as specified in the service agreements
with an initial deposit of 30

The services carried out by the Company can vary
from project to project and generally involves a series of tasks which are usually highly interdependent and interrelated and are not
separable or distinct as the Company’s customers cannot benefit from any standalone task and therefore, in accordance with ASC 606-10-25-21
(c) and ASC 606-10-25-19 (b), the Company generally accounts for all of the general advisory services promised in the contract
as a single performance obligation.

Following
the fact pattern provided, the general advisory services does not meet criterion ASC 606-10-25-27 (a) because the customer does
not simultaneously receive and consume the benefits provided by the Company’s performance during the services period. The customer
only receives the benefits when the Company completes all of its services.

The
general advisory services also do not meet criterion ASC 606-10-25-27 (b) because there is no asset controlled by the customers
during the period.

The
agreements do not have a right to payment clause. The initial deposit normally only represents 30

As
a result, the services fee income is recognized at the point in time when the Company completes its general advisory services.

Independent
financial advisory services

The
Company enters into an agreement with its customers for independent financial advisory services mainly include providing advice to the
independent board committee and independent shareholders of companies listed on the Hong Kong Exchange rendering recommendation
and opinions.

F-13

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The
Company charged a fixed fee payable by progress payment based on achievement of certain milestones as specified in the service agreements
with an initial deposit of 37

The
services carried out by the Company can vary from project to project and generally involves a series of tasks which are usually