Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 159

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 16G
Chunk 159
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Item
16G. Corporate Governance

As
a company listed on the Nasdaq Capital Market, we are subject to the Nasdaq corporate governance listing standards. Our Company is considered a “foreign
private issuer” under U. S. securities laws and Nasdaq listing rules. Nasdaq listing rules include
certain accommodations in the corporate governance requirements that allow foreign private issuers, such as our Company, to follow “home
country” corporate governance practices in lieu of the otherwise applicable corporate governance standards of Nasdaq.

Currently,
we do not plan to rely on home country practice with respect to our corporate governance. However, to the extent we choose to follow
home country practice in the future, our shareholders may be afforded less protection than they otherwise would under the Nasdaq corporate
governance listing standards applicable to U. S. domestic issuers. See “ Item 3. Key Information - 3. D. Risk Factors - 
Risks Related to Our Ordinary Shares - As a foreign private issuer, we are permitted to adopt certain home country practices in
relation to corporate governance matters that differ significantly from Nasdaq corporate governance listing standards. These practices
may afford less protection to shareholders than they would enjoy if we complied fully with corporate governance listing standards.

The “controlled
company” exception to Nasdaq’s rules provides that a company of which more than 50% of the voting power is held by an individual,
group or another company, a “controlled company” need not comply with certain requirements of Nasdaq’s corporate governance
rules. As of the date of this annual report, Mr. Tak Kai Raymond, TAM (our
ultimate controlling shareholder and majority shareholder of Grande Holding Limited, our Controlling Shareholder) and Ms. Yujie, CHEN
(our Chief Executive Officer and the Chair of our Board) beneficially own the majority of the voting power of our outstanding Ordinary
Shares. Accordingly, we are a “controlled company” within the meaning of the corporate governance standards of
Nasdaq. Under Nasdaq rules, a “controlled company” may elect not to comply with certain Nasdaq corporate governance requirements.

As a “controlled
company,” we may elect not to comply with certain corporate governance standards, including that a majority of our board of directors
consist of independent directors. For so long as we qualify as a controlled company, we may take advantage of these exemptions. Accordingly,
our shareholders may not have the same protections afforded to shareholders of companies that are subject to all of these corporate governance