Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 10

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 10
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 inter
alia: (a) the right to be informed by a data user whether the data user holds personal data of which the individual is the data
subject; (b) if the data user holds such data, to be supplied with a copy of such data; and (c) the right to request correction
of any data they consider to be inaccurate. The Commissioner may carry out criminal investigations and institute prosecution for certain
offenses. Depending on the severity of the cases, the Privacy Commissioner will decide whether to prosecute or refer cases involving
suspected commission to the Department of Justice of Hong Kong. Victims may also seek compensation by civil action from data users
for damage caused by a contravention of the PDPO. The Commissioner may provide legal assistance to the aggrieved data subjects if
the Commissioner deems fit to do so.

We
believe that we and our subsidiaries have been in compliance with the data privacy and personal information requirements of the PDPO.
However, if we or our Operating Subsidiary conducting business operations in Hong Kong have violated certain provisions of the PDPO,
we could face significant civil penalties and/or criminal prosecution, which could adversely affect our business, financial condition,
and results of operations.

If
we and/or our subsidiaries were to be required to obtain any permission or approval from or complete any filing procedure with the CSRC,
the CAC, or other PRC governmental authorities in connection with our IPO or future follow-on offerings under PRC laws, we and/or our
subsidiaries may be fined or subject to other sanctions, and our subsidiaries’ business and our reputation, financial condition,
and results of operations may be materially and adversely affected.

On February 17, 2023, the CSRC promulgated the Trial Administrative
Measures (the “ Trial Administrative Measures”) and five supporting guidelines

On the same day, the CSRC held a press conference for the release
of the Trial Administrative Measures and issued the Notice on Administration for the Filing of Overseas Offering and Listing by Domestic
Companies, which, among others, provided the exemption from immediate filings for issuers that (a) have been listed or have been registered
but not yet listed in foreign securities markets, including U. S. markets, prior to the effective date of the Trial Administrative
Measures, (b) are not required to re-perform the regulatory procedures with the relevant overseas regulatory authority or the overseas
stock exchange, and c) will complete the overseas securities offering and listing before September 30