Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 136

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 136
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66.5% in the year ended March31, 2024. The increase in gross profit margin in the year ended March31, 2024 was mainly attributable to an increase in the provision of IPO sponsorship services and underwriting and placing services while such services are provided by our in -houseemployees and their salaries, which are a core part of our cost of revenue, remained relatively stable.

74 General and administrative expenses General and administrative expenses were approximately 19.6% and 23.0% of total sales in the year ended March31, 2024 and the year ended March31, 2023 respectively. General and administrative expenses are mainly management and office salaries and employee benefits, depreciation of office equipment and leasehold improvement, operating lease cost, transportation and entertainment and other office expenses. Our general and administrative expenses remained stable at approximately $0.9 million for both the years ended March31, 2024 and 2023. Other income Government subsidies Our government subsidies mainly were subsidiaries received from the Hong Kong government as relief measures against COVID -19during the year ended March 31, 2023. No similar government subsidies were received during the year ended March 31, 2024. Interest income Our interest income mainly comprised bank interest income. Interest income increased by $5,979, or 182.2%, from $3,282 for the year ended March 31, 2023 to $9,261 for the year ended March 31, 2024, and such increase was in line with the increase in interest rate and increase in bank balance. Other miscellaneous income Other miscellaneous incomemainly was the refund of severance payment from an insurance company during the year ended March 31, 2023. No such miscellaneous income was received during the year ended March 31, 2024. Income tax expense We and our subsidiaries are subject to income tax on an entity basis on profit arising in or derived from the jurisdiction in which the Company and its subsidiaries are domiciled or operate. Income tax expense is comprised mainly of Hong Kong income tax. The income tax expense increased by approximately $0.1 million, or 50.0%, from $0.2 million for the year ended March 31, 2023 to $0.3 million for the year ended March 31, 2024. The increase was mainly due to the increase in net income before provision for income taxes. The effective tax rate remained relatively stable at 14.8% for the year ended March 31