Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 51

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 51
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 pursuant to the Basic Law of Hong Kong, national laws of Mainland China do not apply in Hong Kong unless they are listed in Annex III of the Basic Law and applied locally by promulgation or local legislation. National laws that may be listed in Annex III are currently limited under the Basic Law to those which fall within the scope of defense and foreign affairs as well as other matters outside the limits of the autonomy of Hong Kong. National laws and regulations relating to data protection, cybersecurity and the anti -monopolyhave not been listed in Annex III and so do not apply directly to Hong Kong. However, due to long -armprovisions under the current PRC laws and regulations, there remains regulatory and legal uncertainty with respect to the implementation of laws and regulations of Mainland China to Hong Kong. There is no guarantee that the PRC government may not choose to implement the laws of Mainland China to Hong Kong and exercise significant direct influence and discretion over the operation of our Operating Subsidiary in the future and, it will not have a material adverse impact on our business, financial condition and results of operations, due to changes in laws, political environment or other unforeseeable reasons. A portion of our existing clients and potential clients are companies located in Mainland China, who are listing applicant for IPO on the HKSE or public companies listed on the HKSE (For the fiscal year ended March31, 2024, we had16, 6 and 4 clients from Hong Kong, Mainland China, and Singapore, respectively, and the nine months ended December31, 2024, we had16, 6 and 4 clients from Hong Kong, Mainland China, and Singapore, respectively). As of the date of this prospectus, the Mainland China companies who have engaged our Operating Subsidiary for listing sponsorship services for overseas listing in Hong Kong are “PRC domestic companies” under the Trial Administrative Measures, which overseas listings in Hong Kong are subject to CSRC’s review procedures and approval. For the six months ended September30, 2023 and 2024, our revenues derived from clients in Hong Kong decreased by approximately $0.4million or 30.8% from $1.3million in the six months ended September30, 2023 to $0.9million in the six months ended September30, 2024; revenues derived from clients in Mainland China increased by approximately $0.3million or 300.0% from $0.1million in the six