Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 29

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 29
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 Region (the “Hong Kong National Security Law”) could adversely impact our Operating Subsidiaries in Hong Kong, which represent substantially all of our business. •The Hong Kong regulatory requirement of prior approval for the transfer of shares in excess of a certain threshold may restrict future takeovers and other transactions. For a detailed description of the risks above, please refer to pages 23 to 31. Risks Relating to our Business and Operation •Our operations are concentrated in Hong Kong. Our business performance is highly influenced by the conditions of capital and financial market in Hong Kong. Unfavorable market and economic conditions and the material deterioration of the political and regulatory environment in Hong Kong, Mainland China, and elsewhere in the world could materially and adversely affect our business, financial condition, prospects, and results of operations. •The corporate finance services industry in Hong Kong is fiercely competitive, and we may lose our competitiveness to our competitors. •The operation of the Operating Subsidiary is subject to extensive and evolving regulatory requirements in Hong Kong, the non -compliancewith which may result in penalties, limitations, and prohibitions on our future business activities or suspension or revocation of the licenses of the Operating Subsidiary, and consequently may materially and adversely affect our business, financial condition, and results of operations. In addition, we and our Operating Subsidiary may, from time to time, be subject to regulatory inquiries, investigations, and even penalties by relevant regulatory authorities or government agencies in Hong Kong or other applicable jurisdictions, such as the PRC, where a portion of our clients are based. •We, through our Hong Kong subsidiaries, have a relatively short operating history compared to some of our established competitors and face significant risks and challenges in a rapidly evolving market, which makes it difficult to effectively assess our future prospects. 9 •We rely on a limited number of key clients for our business, therefore, we are subject to significant client concentration risk. •Our revenue and profitability are highly unpredictable, since (1) the revenue from our corporate finance advisory business was generated on a project -by-projectbasis and is non -recurringin nature; (2) progress -basedpayment arrangement; and (3) possible default or delay of payments from our clients •We and our subsidiaries may be subject to litigation, arbitration, regulatory proceedings, or other legal proceeding risks, in particular, we may be subject to various professional liabilities and claims. •Illegal or improper activities, violation of professional standards, and the misconduct of our personnel or third parties