Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 175

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 175
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 the funds raised by securities issuers. The Company is under no
obligation to purchase the securities if the subscribers do not subscribe to any or all the securities. The Company is not primarily
responsible for fulfilling the promise to provide the specified good or service to customers. The Company has no inventory risk before
or after the specified good or service has been transferred to a customer. The Company has no discretion in setting prices to customers.

F-12

  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

Underwriting
and placing commission income are generally charged at fixed rate with reference to size of funds raised in the transaction, subject
to determination of securities issuers and the transaction price includes variable consideration. The Company estimates the amount of
variable consideration to be included in the transaction price and recognizes revenue to the extent that it is probable that a significant
reversal of cumulative revenue will not occur when the uncertainty associated with the performance-based fees is resolved. The Company
does not receive or not entitled to any compensation if the related underwriting and placing transaction are not completed.

Referral
services

Referral
income generated by provision of referral services by acting as agent to corporate customers. The Company refers clients to corporate
customers and earns referral income. The Company enters into distinct referral agreements with corporate customers for the provision
of referral services. The referral service is distinct and is identified as one performance obligation. The transaction price is a variable
consideration as the consideration is determined to be a fixed percentage of subscription amount in the transaction of fundraising activities.
Revenue from providing referral services to corporate customers is recognized at a point in time when the transaction and the performance
is completed, which is generally at the completion of fundraising activities.

General
advisory services

The
Company enters into an agreement with its customers for general advisory services mainly include (i) advisory works for companies
listed on the Hong Kong Exchange as well as their shareholders, advising them on the terms and structures of proposed transactions,
such as takeovers, and the relevant implications of the Hong Kong regulatory framework, which primarily included the Main Board
Listing Rules of Hong Kong and Hong Kong Takeovers