Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 137

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 137
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 related party, being Grande Holding Limited. Mr.Tak Kai Raymond, TAM, the majority shareholder of the Controlling Shareholder, is the source of the funds that the Controlling Shareholder loaned to the Company. 75 The Company recorded a material change in the sources of funds financing our operations in the year ended March31, 2024. For the year ended March31, 2023, advance from a related party, being Grande Holding Limited, to which Mr.Tak Kai Raymond, TAM is the source of funds, amounting to $293,842, was a major source of funds for financing our operations. For the year ended March31, 2024, we recorded a significant increase in cash provided by operating activities from $228,964 for the year ended March31, 2023 to $1,157,742 for the year ended March31, 2024. The increase in cash provided by operating activities was mainly due to the increase of net income from $1,279,247 for the year ended March31, 2023 to $1,798,073 for the year ended March31, 2024. We derived sufficient cash from our operating activities for the year ended March31, 2024 and no longer have to rely on advances from Grande Holding Limited, of which Mr.Tak Kai Raymond, TAM is the source of funds, to finance our operations. Our ability to maintain sufficient cash provided by operating activities is dependent on our ability to maintain and expand our client base, enhance our relationships with partners, make adjustments to our business operations to adopt to the business environment, attract and retain our employees, manage our future growth, improve the operational efficiency of our Operating Subsidiary and navigate an evolving regulatory environment. If we fail to address the aforementioned risks and challenges, our business may be materially and adversely affected. There is no assurance that we will sustain profitability or positive cash provided by operating activities. Current capability to maintain sufficient cash provided by operating activities is not indicative of future operating results. As of September30, 2024, we had cash and cash equivalents of approximately $2.1million. As of September30, 2024, our current assets were approximately $2.8million, and our current liabilities were approximately $2.7million. As of March31, 2024, our current assets were approximately $3.4million, and our current liabilities were approximately $2.7million. As of March31, 2023, our current assets were approximately