Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 96

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 96
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 Proper Guidelines.

The
HK Listing Rules, the Sponsor Guidelines and the CFA Code regulate sponsor’s obligations and responsibilities. The intermediary
and its management (includes a sponsor’s board of directors, managing director, chief executive officer, Responsible Officers,
executive officers and other senior management personnel) shall be responsible for ensuring that the firm satisfies all specific and
ongoing eligibility criteria of the Sponsor Guidelines and paragraph 17 of the Code of Conduct, as well as complies with all other relevant
codes, guidelines and regulations prescribed by the HKSFC.

In
order to maintain the eligibility as sponsor, a sponsor should have at least two sponsor principals, who should be engaged by the sponsor
for the purpose of conducting sponsor-related work on a full-time basis, at all times to discharge its role in supervising the transaction
team.

Effective
from 1 October 2013, the enhanced regulations on sponsors and the key obligations of sponsors have been consolidated in paragraph
17 of the Code of Conduct. The key requirements for a sponsor under the sponsor regime are as follows:

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A
compliance adviser is a licensed corporation or registered institution licensed or registered under the SFO for Type 6 (advising on corporate
finance) regulated activity and permitted under its license or certificate of registration to undertake work as a sponsor, which is appointed
to act as a compliance adviser under the HK Listing Rules. The HK Listing Rules require an issuer to appoint a compliance adviser during
an initial period after being admitted to listing and the main role of a compliance adviser is to ensure that the listed company is properly
guided and advised as to compliance with the HK Listing Rules and all other applicable rules, laws, codes and guidelines. Only licensed
corporation or registered institution eligible to act as sponsors are eligible to act as compliance advisers.

Key
ongoing obligations

Remaining
fit and proper

Licensed
corporations, Licensed Representatives, Responsible Officers and registered institutions must remain fit and proper as defined under
the SFO at all times. They are required to comply with all applicable provisions of the SFO and its subsidiary legislations as well as
the codes and guidelines issued by the HKSFC.

Minimum
capital requirements

Section 145
of the SFO provides that depending on the types of regulated activity a licensed corporation conducts, a licensed corporation is required