Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 139

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 10
Chunk 139
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, constructive sale, or other integrated transaction for United States federal income tax
purposes, or investors that have a functional currency other than the United States dollar, all of whom may be subject to tax rules
that differ significantly from those summarized below. In addition, this discussion does not discuss any non-United States, alternative
minimum tax, state, or local tax considerations, or the Medicare tax on net investment income. Each U. S. holder is urged to consult
its tax advisors regarding the United States federal, state, local, and non-United States income and other tax considerations
with respect to the ownership and disposition of our Class A Ordinary Shares.

General

For
purposes of this discussion, a “ U. S. holder” is a beneficial owner of our Class A Ordinary Shares that is, for United States
federal income tax purposes, (i) an individual who is a citizen or resident of the United States, (ii) a corporation (or
other entity treated as a corporation for United States federal income tax purposes) created in, or organized under the laws of,
the United States or any state thereof or the District of Columbia, (iii) an estate the income of which is subject to United States
federal income taxation regardless of its source, or (iv) a trust (A) the administration of which is subject to the primary
supervision of a United States court and which has one or more United States persons who have the authority to control all
substantial decisions of the trust or (B) that has otherwise elected to be treated as a United States person under applicable
United States Treasury regulations.

If
a partnership (or other entity treated as a partnership for United States federal income tax purposes) is a beneficial owner of
our Class A Ordinary Shares, the tax treatment of a partner in the partnership will generally depend upon the status of the partner and
the activities of the partnership. Partnerships holding our Class A Ordinary Shares and partners in such partnerships are urged to consult
their tax advisors as to the particular United States federal income tax consequences of an investment in our Class A Ordinary Shares.

Passive
Foreign Investment Company Considerations

A
non-United States corporation, such as our company, will be a “passive foreign investment company,” or “ PFIC,”
for United States federal income tax purposes, if, in any particular taxable year, either (i) 75% or more of its gross income
for such year consists of certain types of “passive