Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 120

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 120
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 public offering price of US$4.00 per Class A Ordinary Share (the proposed minimum offering price), we estimate that Grande will receive net proceeds from this Offering, after deducting the underwriting discounts, non -accountableexpense allowance and other estimated offering expenses payable by us, of approximately US$5.84million, assuming the underwriters do not exercise their over -allotmentoption. We plan to use the net proceeds we will receive from this Offering as follows: •Approximately US$1.75million or 30.0% for strengthening our corporate finance advisory business, in particular, targeting the clients who are planning for overseas listings in other listing venues other than Hong Kong. •Approximately US$1.46million or 25.0% for developing our asset management business and recruiting professionals with relevant asset management experiences and networks; •Approximately US$1.17million or 20.0% for increasing our liquid capital to establish our Equity Capital Market services for Hong Kong market, in particular, participating in the underwriting of IPOs on the HKSE led by other sponsors and other secondary fund -raisingexercises; and •The balance of US$1.46million or 25.0% for general working capital and corporate purposes. The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this Offering. Our management, however, will have some flexibility and discretion to apply the net proceeds of this Offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this Offering differently than as described in this prospectus. To the extent that the net proceeds we receive from this Offering are not imminently used for the above purposes, we intend to invest in short -term, interest -bearingbank deposits or debt instruments. 60 DIVIDEND POLICY On June25, 2024, Grande Capital Limited declared a cash dividend of HK$6million (approximately US$769,231) to our Controlling Shareholder, Grande Holding Limited, for the purpose of distribution of profits obtained during the year. Save as previously disclosed, as of the date of the prospectus, and for the six months ended September30, 2024 and the years ended March31, 2024 and 2023, neither Grande nor its subsidiaries have declared or made any dividend or contribution to their respective shareholders. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore,