Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 119

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 119
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 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 -stopfinancial 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 increase of successful IPOs where Grande Capital acted as a sponsor, our revenue increased from approximately US$1.5million for the six months ended September30, 2023 to approximately US$1.8million for the six months ended September30, 2024; while it changed from loss before tax of approximately US$0.3million to profit before tax of approximately US$0.4million in the corresponding periods. Our revenue increased from approximately US$3.9million for the year ended March31, 2023 to approximately US$4.5million for the year ended March31, 2024; while our profit before tax increased from approximately US$1.5million to approximately US$2.1million in the corresponding years. Key factors affecting operating results We believe the following key factors may affect our results of operations: Economic conditions in Hong Kong Our operations are located in Hong Kong. Accordingly, our business, prospects, financial condition and results of operations are influenced to a significant degree by political, economic and social conditions in China generally and by continued economic growth in Hong Kong. Ability of our Group to stay competitive in the equity capital market The sustainability of our revenue and net income will depend upon our ability to remain competitive in the equity capital market and to obtain new customers on a consistent basis. 64

Our ability to maintain our major customers For the six months ended September30, 2024 and 2023, approximately 75.0% and 87.5% of our total revenues, respectively, were generated by five customers. For the years ended March 31, 2024 and 2023, approximately 78.1% and 85.6% of our total revenues, respectively, were generated by five customers. There are no any known trends and uncertainties related to these customers