Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 197

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 197
---
  Non-cash investing and financing activities:                                                                      
  Dividends directly paid by a subsidiary to shareholders                    $         769,231      $         $     
  Investment in a subsidiary recorded in amounts due to related parties      $               7      $         $     

  (i)      Basis            

The
Company was incorporated in the BVI on August 6, 2020 as an investment holding company.

The
condensed parent company financial information of the Company has been prepared using the same accounting policies as set out in the
accompanying consolidated financial statements.

  (ii)      Restricted  

Schedule I
of Rule 5-04 of Regulation S-X requires the condensed financial information of registrant shall be filed when the restricted
net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal
year. For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s
proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent
fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the
consent of a third party (i. e., lender, regulatory agency, foreign government, etc.).

The
condensed parent company financial statements have to be prepared in accordance with Rule 12-04, Schedule I of Regulation S-X
if the restricted net assets of the subsidiary of Grande Group exceed 25

As
of March 31, 2025 and 2024, there were no material contingencies, significant provisions of long term obligations, mandatory dividend
or redemption requirements of redeemable stocks or guarantees of the Company, except for those which have been separately disclosed in
the consolidated financial statements, if any.

F-28