Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 114

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 114
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17.0% from $3.9 million in the year
ended March 31, 2023 to $4.5 million in the year ended March 31, 2024, mainly because of the increase in revenue from sponsoring
and underwriting services. Grande Capital has started to provide referral services to other professional parties such as financial institutions,
for equity and debt fund raising exercises, for referral fees. Grande Capital also provides a wide range of corporate financial advisory
services to clients which mainly include (i) advisory works for private companies, public companies listed on HKSE, as well as their
shareholders advising them on the terms and structures of proposed transactions, such as takeovers, merger and acquisition or investment,
and the relevant implications of the Hong Kong regulatory framework, which primarily included the HK Listing Rules and HK Takeovers
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, in return for general advisory fee.

The
table below sets out our revenue resulting from fixed fees and commissions and performance based fees for the years ended March 31, 2025,
2024 and 2023.

                                              March 31,                                                                            
                                              2025                                                                                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Fixed fees                                  $              4,338,427      100      4,059,529      89.6      3,644,044      94.1  
  Commissions and performance based fees                     —                0        469,667      10.4        226,923       5.9  
  Total                                       $              4,338,827      100      4,529,196       100      3,870,967       100  

The
table below sets out our revenue by service categories and geographical location of our clients for the years ended March 31,
2025, 2024 and 2023.

                                               March 31,                                                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total revenues as of                         2025                                         2023                 
  IPO sponsorship services                     $                257,775      2,872,152      $         2,548,291  
  - Hong Kong                                                         —      1,583,250                  871,185  
  - the