Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 154

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 14
Chunk 154
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Item
14. Material Modifications to the Rights of Securities Holders and Use of Proceeds

14. A.
 - 14. D. Material Modifications to the Rights of Security Holders

See
“ Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.

14. E.
Use of Proceeds

The
following “ Use of Proceeds” information relates to the registration statement on Form F-1, as amended (File Number:
333- 283705) (the “ F-1 Registration Statement”), in relation to our initial public offering of 2,156,250 Class A
Ordinary Shares at an offering price of US$5.00 per share, including the full exercise of the underwriters’ over-allotment
option. Our initial public offering closed on July 2, 2025. Cathay Securities, Inc. acted as the representatives of the underwriters
(the “ Representative”) for our initial public offering. On July 10, 2025, the Representative exercised the Over-Allotment Option in full to purchase an additional 281,250
Class A Ordinary Shares, at a price of US$5.00 per share.

The
total expenses incurred for our company’s account in connection with our initial public offering were approximately
$1.92 million, including underwriting discounts of $754,688, underwriters’ non-accountable expense of $107,813, and other
expenses of $1,056,559. None of the fees and expenses were directly or indirectly paid to the directors, officers of our company or
their associates, persons owning 10% or more of our equity securities or our affiliates or others.

After
deducting the total expenses, we received net proceeds of approximately $8.86 million from our initial public offering.

As of the date
of this annual report, we have not utilized any of the net proceeds. We intend to apply the net proceeds as described in the registration
statement.

None
of the net proceeds from our initial public offering were directly or indirectly paid to the directors, officers of our company or their
associates, persons owning 10% or more of our equity securities or our affiliates or others.

Item
15. Controls and Procedures