Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 173

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 173
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 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: •to advise and guide a listing applicant in preparation for a listing; •to take reasonable due diligence steps in respect of a listing application; •to take reasonable steps to ensure that true, accurate and complete disclosure about a listing applicant is made to the public; •to deal with the regulators in a truthful, cooperative and prompt manner; •to maintain proper books and records that are sufficient to demonstrate its compliance with the Code of Conduct; •to maintain sufficient resources and effective systems and controls for proper implementation and adequate management oversight of the sponsor work; •to act as the overall manager of a public offer to ensure that the public offer is conducted in a fair and orderly manner; and •to take reasonable steps to ensure analysts do not receive material information not disclosed in the listing document. 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. 104

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 to maintain at all times paid -upshare capital and liquid capital not less than the specified amounts in the FRR. The following table summarizes the minimum paid -upcapital and liquid capital that a licensed corporation is required to maintain for Type 1 (dealing in securities) and Type 6