Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 194

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 194
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 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 Hong Kong, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion,
remittances abroad, and rates and methods of taxation, among other things.

  Inflation  

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
17 - RELATED PARTY TRANSACTIONS

  (a)      Names and relationship of related parties:  

  Name of related parties      Relationship with the Company                                                                 
  Yujie, Chen                  Chief executive officer, a director since January 17, 2023 and beneficial shareholder         
  Chi Bun Alan, Chung          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                         
  Ying Wo Sammy, Ho            A director since May 21, 2024                                                                 
  Ka Wing Eric, Law            Chief Financial Officer since April 1, 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:  

                               March 31,                                              
  Amounts                      2025                            2024                   
  due to a related party:                                                             
  Grande                       $              ( 1,821,726      $         ( 1,852,115  
  Holding Limited                                                                     
 ──────────────────────────────────────────────────────────────────────────────────────

As
of March 31, 2025 and 2024, the amounts due to a related party solely represented amounts due to Grande Holding Limited, which
is the controlling shareholder of the Company. These amounts are unsecured, interest-free, and have no fixed terms of repayment. During the years ended March 31, 2025, 2024, and 2023,