Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 126

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 126
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 our current liabilities were approximately $3.1million. Our current ratio improved from approximately 0.8 times in the year ended March31, 2023 to 1.3 times in the year ended March31, 2024, and dropped to 1.0 times in the six months ended September30, 2024. In view of the current cash and bank balances, funds generated by our operating activities and amounts due to a related party, being Grande Holding Limited, we believe our Company has sufficient resources to meet the working capital needs in the next 12months from the date the audited financial statements are issued. As of September30, 2024, March31, 2024, 2023 and 2022, the amounts due to Grande Holding Limited were $1,839,295, $1,852,115, $1,857,845 and $1,564,003, respectively. However, our ability to meet the liquidity and capital requirements will be subject to future economic conditions and other factors which are beyond our control. We may declare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments. We plan to use the net proceeds we will receive from this Offering as follows: •Approximately US$1.75million or 30.0% for strengthening our corporate finance advisory business, in particular, targeting the clients who are planning for overseas listings in other listing venues other than Hong Kong. •Approximately US$1.46million or 25.0% for developing our asset management business and recruiting professionals with relevant asset management experiences and networks; •Approximately US$1.17million or 20.0% for increasing our liquid capital to establish our Equity Capital Market services for Hong Kong market, in particular, participating in the underwriting of IPOs on the HKSE led by other sponsors and other secondary fund -raisingexercises; and •The balance of US$1.46million or 25.0% for general working capital and corporate purposes. Cash Flow The following table sets forth a summary of our consolidated cash flows for the six months ended September30, 2024 and 2023, respectively:

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