Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 155

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 15
Chunk 155
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Item
15. Controls and Procedures

(a)
Disclosure Controls and Procedures

Under
the supervision and with the participation of our management, including our chief executive officer and our chief financial officer,
we carried out an evaluation of the effectiveness of our disclosure controls and procedures, which is defined in Rules 13a-15(e) of the
Exchange Act. Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2025,
our disclosure controls and procedures were ineffective. In connection with the audits
of our consolidated financial statements for the years ended March 31, 2025, 2024 and 2023, we identified material weaknesses in our internal
control over financial reporting as well as other disclosure control deficiencies for the above-mentioned periods. O As
defined in the standards established by the PCAOB, a “material weakness” is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or
interim financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified related to:
(1) our lack of sufficient financial reporting and accounting personnel with understanding of U. S. GAAP to address complex U. S. GAAP technical
issues, related disclosures in accordance with U. S. GAAP; (2) our lack of internal audit function to establish formal risk assessment
process and internal control framework; and (3) IT deficiencies, including lack of formal IT policies and procedures, risk and vulnerability
assessments, recovery management, change management and system security.

To
remediate our identified material weaknesses, we have implemented several measures to improve our internal control over financial reporting,
including (i) engaging qualified financial and accounting advisory team, external consultants, and additional staff with working experience
in U. S. GAAP and SEC reporting requirements to strengthen our financial reporting function, to
further improve the efficiency and quality of our financial reporting, implementing and enhancing our IT systems that support the Company’s
revenue and related financial reporting processes; and

The
process of designing and implementing an effective financial reporting system is a continuous effort that requires us to anticipate and
react to changes in our business and the economic and regulatory environments and to expend significant resources to maintain a financial
reporting system that is adequate to satisfy our reporting obligations. See “ Item 3. KEY INFORMATION - 3. D. Risk Factors - 
R