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

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 20
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. We cannot assure
you that this policy will not be changed in the future. If the pegging system collapses and Hong Kong dollars suffer devaluation,
the Hong Kong dollar cost of our expenditures denominated in foreign currency may increase. This would in turn adversely affect
the operations and profitability of our business.

Risks
relating to the Industry in which we Operate

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.

All
our business and operations were carried out in Hong Kong, and as the financial service provider for the capital market sectors
of Hong Kong. Our results of operations and prospects are highly susceptible to any development of change in government policies,
as well as economic, social, political and legal development in Hong Kong. Events with adverse impacts on investors’ confidence
and risk appetites, such as riots or mass civil disobedience movements and general deterioration of the local economy, may lead to a
reduction in investment or trading activities and in turn our business performance. Any change in the Hong Kong local economic,
social and political environment, all of which are beyond our control, may lead to a prolonged period of sluggish market activities which
would in turn have material adverse impact on our business.

The
capital market and the economic conditions in general of Hong Kong are highly sensitive to conditions of the capital markets, political,
social and economic conditions in Mainland China and globally. When there are unfavorable changes to the global or local market conditions,
the capital market and the economy in Hong Kong may experience negative fluctuations in its performance. Any prolonged slowdown
in the global or Chinese economy may affect potential clients’ confidence in the capital market as a whole and have a negative
impact on our business as a whole, the demand for our services, our pricing strategies, the level of our business activities and consequently
our revenue derived therefrom. This may materially and adversely affect our financial condition and the results of operations. Additionally,
continued turbulence in the international financial markets may adversely affect our ability to access the capital markets to meet liquidity
needs. Financial markets and economic conditions could be negatively impacted by many factors, both economically and politically, beyond
our control, such as the inability to access capital markets, control