Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 136

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 136
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 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. 70

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 that are reasonably likely to have a material effect on the financial results due to the non -recurringnature of the revenue from these projects. Revenue from these customers is not expected to recur after completion of these projects. Since Grande Capital’s listing sponsorship services and financial and compliance advisory services are non -recurringin nature, there is no assurance that we can continue to secure the engagements comparable to those secured for the six months ended September30, 2024 in the future. If we are unable to continuously secure new sizable mandates, or if the market conditions become unfavorable, our business and the results of operations may be materially and adversely affected. Results of Operations Comparison of Six Months Ended September 30, 2024 and 2023 The following table sets forth the consolidated results of our operations for the six months ended September 30, 2024 and 2023, respectively:

|                                                        |     |   |       2024 |     |   |       2023 |   |
|:-------------------------------------------------------|:----|:--|-----------:|:----|:--|-----------:|:--|
| Revenue                                                |     | $ |  1,750,043 |     | $ |  1,548,195 |   |
| Cost of revenue                                        |     |   |    499,092 |     |   |    973,018 |   |
| Gross profit                                           |     |   |  1,250,951 |     |   |    575,177 |   |
| General and administrative expenses                    |     |   |    716,183 |     |   |    879,442 |   |
| Total operating