Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 30

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 30
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 finance advisory services, including listing sponsorship services, financial advisory, independent financial
advisory services, and compliance advisory services in 2018. Our Operating Subsidiary only has a limited operating history with regard
to such business upon which an evaluation of our prospects can be based. Our future revenues and cash flows may fluctuate significantly
given our short operating history, rendering it difficult to predict our results of operations and prospects.

There
is no assurance that we will sustain profitability or positive cash flow from the existing operations or from any expanded or new operations,
nor that we will be able to expand operations beyond our current level. You should consider our business and prospects in light of the
risks and challenges we encounter or may encounter given the rapidly evolving market in which we operate and our relatively short operating
history. These risks and challenges include our ability to, among other things:

  build                            

  maintain                     

  maintain                                      

  attract,                                   

  anticipate                                                            

  Respond                                                                 
  effectively to technological changes and advancements in our industry;  
 ──────────────────────────────────────────────────────────────────────────

  Mitigate                                                                        

  manage              

  ensure                                                                                       

  maintain                                                            

  navigate                                        

  defend                                                                                 

If
we fail to address any or all of these risks and challenges, our business may be materially and adversely affected. As our business develops
and as we respond to competition, our Operating Subsidiary may continue to introduce new service offerings, make adjustments to our existing
services, or make adjustments to our business operations in general. There is no assurance that we will sustain profitability or positive
cash flow from our existing operations or from any expanded or new operations, nor that we will be able to expand operations beyond our
current level. Any significant change to our business model that does not achieve expected results could have a material and adverse
impact on our financial condition and results of operations. It is therefore difficult to effectively assess our future prospects.

We
rely on a limited number of key clients for our business, therefore, we are subject to significant client and industry
concentration risk.

For the years ended March 31, 2025,
2024 and 2023, our top five clients accounted for 57.2%, 78.1% and 85.6% of our total revenues and our largest client accounted for 30.8%,
28.2% and 25.6% of our total revenue, respectively. Our clients are fairly concentrated