Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 111

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 111
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 to list on the HKSE. Grande Capital takes the principal role of advising and guiding listing
applicants throughout the IPO process, coordinating the listing progress, conducting due diligence, performing all duties of a sponsor
as required under the applicable rules and regulations and acting as the primary channel of communication with the regulators such as
the HKSE and the HKSFC concerning the listing, in return for a sponsor’s fee. The clients pay us by way of progress payment based
on achievement of certain milestones, such as signing of the engagement letter, submission of listing application, and first dealing
of shares, in the IPO progress and we recognize the listing sponsorship services fee as our revenue when the performance obligation is
satisfied.

Since
2022, as part of the IPO sponsorship services, the Operating Subsidiary has also started participating in underwriting syndicates for
those IPOs that the Operating Subsidiary acted as sponsors, in return for underwriting commissions.

(2) Corporate
financial advisory services

Grande
Capital also provides a wide range of corporate financial advisory services to clients, which can be broadly classified into the following
3 categories:

General
advisory services:

Independent
financial advisory services:

Compliance
advisory services:

(3)
Referral services

Since mid-2024,
Grande Capital also provide referral services to other professional parties, such as financial institutions, for equity and debt fund
raising exercises, for referral fees. Occasionally we may on a case by case basis come across fund-raising exercises which require the
introduction of other professional parties in which we may obtain referral fees. Such referral fee is generally based on a percentage
of the fee charged by our clients in the particular fund-raising exercises.

Since
the commencement of our business, Grande Capital has been an active player in the equity capital market in Hong Kong, serving clients
from a wide spectrum of industry sectors, either listed or planning to list in Hong Kong. Our client base span Hong Kong, Singapore
and the PRC.

We
aspire to expand our business and become an integrated platform for providing one-stop financial services tailored to our customers’
specific needs. We intend to leverage our successful experience in Hong Kong and help our clients to plan for overseas listing in
other listing venues. Since 2022, Grande Capital has started acting as project coordinator for clients pursuing listing on other stock
exchanges, such as the U. S. capital market.

Attributable mainly to the ongoing IPO where Grande