Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 124

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 6
Chunk 124
---
 for the recovery of certain incentive-based compensation from current and former executive officers of the
Company in the event the Company is required to restate any of its financial statements filed with the SEC under the Exchange Act in
order to correct an error that is material to the previously-issued financial statements, or that would result in a material misstatement
if the error were corrected in the current period or left uncorrected in the current period. Adoption of the Clawback Policy was mandated
by new Nasdaq listing standards introduced pursuant to Exchange Act Rule 10D-1. The Clawback Policy is in addition to Section 304
of the Sarbanes-Oxley Act of 2002 which permits the SEC to order the disgorgement of bonuses and incentive-based compensation earned
by a registrant issuer’s chief executive officer and chief financial officer in the year following the filing of any financial
statement that the issuer is required to restate because of misconduct, and the reimbursement of those funds to the issuer. A copy of
the Compensation Recovery Policy has been filed herewith as Exhibit 97.1.

Employment Agreements and Indemnification Agreements

We have entered into employment agreements with
our senior executive officers and/or directors.

On June 11, 2024, Grande entered into separate
employment agreements with: (a) Ms. Yujie, CHEN, the Director, Chief Executive Officer, and the Chair of the Board; and (b) Mr. Ying Wo
Sammy, HO, the Director; and (c) Mr. Ka Wing Eric, LAW, the Chief Financial Officer, respectively (collectively, the Directors and Officer
Employment Agreements) (Ms. Chen, Mr. Ho, and Mr. Law are collectively referred as the Named Directors and Officers). The initial term
of employment under the Directors and Officer Employment Agreements is for a term of one year unless terminated earlier. Upon expiration
of the initial-year term, the Directors and Officer Employment Agreements shall be automatically extended for successive one-year terms
unless a three-months prior written notice to terminate the Directors and Officer Employment Agreement or unless terminated earlier pursuant
to the terms of the Directors and Officer Employment Agreements.

Pursuant to the Directors Employment Agreements,
Ms. Chen and Mr. Law will receive cash compensation of annual salary of HK$720,000 (US$92,308) from Grande Capital Limited, the Operating
Subsidiary, and nil from Grande; Mr. Ho will