Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 58

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 58
---
 and
we could be delisted if it is unable to cure the situation to meet the PCAOB inspection requirement in time. On March 24, 2021, the
SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCAA. We will
be required to comply with these rules if the SEC identifies it as having a “non-inspection” year under a process to be subsequently
established by the SEC. The SEC is assessing how to implement other requirements of the HFCAA, including the listing and trading prohibition
requirements described above.

Furthermore, on June 22,
2021, the U. S. Senate passed the Accelerating Holding Foreign Companies Accountable Act and on December 29, 2022, the Consolidated
Appropriations Act was signed into law by former President Biden, which contained, among other things, an identical provision to Accelerating
Holding Foreign Companies Accountable Act and amended the HFCAA by requiring the SEC to prohibit an issuer’s securities from trading
on any U. S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three, thus reducing
the time before your securities may be prohibited from trading or delisted. On September 22, 2021, the PCAOB adopted a final rule
implementing the HFCAA, which provides a framework for the PCAOB to use when determining, as contemplated under the HFCAA, whether the
PCAOB is unable to inspect or investigate completely registered public accounting firms located in a foreign jurisdiction because of a
position taken by one or more authorities in that jurisdiction. On December 2, 2021, the SEC issued amendments to finalize rules
implementing the submission and disclosure requirements in the HFCAA. The rules apply to registrants that the SEC identifies as having
filed an annual report with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and
that PCAOB is unable to inspect or investigate completely because of a position taken by an authority in foreign jurisdictions.

On December 2, 2021,
the SEC adopted amendments to finalize rules implementing the submission and disclosure requirements in the HFCAA. The rules apply to
registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm
that is located in a foreign jurisdiction and that the PCAOB is unable to inspect or investigate completely because of a position taken
by an authority in a foreign jurisdiction.

On