Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 34

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 34
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 we have
already incurred a significant amount of costs and expenditures for the project and the initial retainer fee or any progress payments
received do not cover our total costs incurred, our results of operations may be materially and adversely affected. Failures or delays
in receiving payments from our clients may adversely affect our cash flow position and our ability to meet the working capital requirement.

In these circumstances, our revenue and profitability
may fluctuate from year to year and our financial performance is highly unpredictable.

Our businesses depend on our key management
and professional staff, and our business may suffer if we are unable to recruit and retain them.

Our businesses depend on the skills, reputation,
and professional experience of our key management executives, the network of resources and relationships they generate during the normal
course of their activities, and the synergies among the diverse fields of expertise and knowledge held by our senior professionals. Therefore,
the success of our business depends on the continued services of these individuals. If we lose their services, we may not be able to execute
our existing business strategy effectively, and we may have to change our current business direction. These disruptions to our business
may take up significant energy and resources of our company, and materially and adversely affect our future prospects.

Moreover, our business operations depend on our
professional staff, our most valuable asset. Their skills, reputation, professional experience, and client relationships are critical
elements in providing quality services to clients, managing our compliance and risk, and obtaining and executing client engagements. We
devote considerable resources and incentives to recruiting and retaining these personnel. However, the market for quality professional
staff is increasingly competitive. Loss of our professional staff and failure to recruit replacement will materially and adversely affect
our business operations. We expect to face significant competition in hiring such personnel. Additionally, as we mature, current compensation
scheme to attract employees may not be as effective as in the past. The intense competition may require us to offer more competitive compensation
and other incentives to our talent, which could materially and adversely affect our financial condition and the results of operations.
As a result, we may find it difficult to retain and motivate these employees, and this could affect their decisions about whether or not
they continue to work for us. If we do not succeed in attracting, hiring, and integrating quality professional staff, or retaining and
motivating existing personnel, we may be unable to grow effectively.

Where one or more of the regulated activities
of our Operating Subsidiary has less than two responsible officers, our Operating Sub