Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 64

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 64
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 investors and others in the investment
community that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse
and might be reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time
as we become more seasoned. As a consequence, there may be periods of several days or more when trading activity in our shares is minimal
or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support
continuous sales without an adverse effect on share price. Broad or active public trading market for our Class A Ordinary Shares may not
develop or be sustained.

If securities
or industry analysts do not publish research or reports about us or the business of our subsidiaries, or if they publish a negative report
regarding our Class A Ordinary Shares, the price of our Class A Ordinary Shares and trading volume could decline.

The trading market for
our Class A Ordinary Shares may depend in part on the research and reports that industry or securities analysts publish about us or the
business of our subsidiaries. We do not have any control over these analysts. If one or more of the analysts who cover us downgrade us,
the price of our Class A Ordinary Shares would likely decline. If one or more of these analysts cease coverage of our Company or fail
to regularly publish reports on us, we could lose visibility in the financial markets, which could cause the price of our Class A Ordinary
Shares and the trading volume to decline.

Future issuances of our Class B Ordinary
Shares may be dilutive to the voting power of our Class A Ordinary Shareholders.

Future issuances of our Class B Ordinary
Shares, which can be approved by our Board of Directors, could result in dilution to existing holders of our Class A Ordinary Shares.
Such issuances, or the perception that such issuances may occur, could depress the market price of the Class A Ordinary Shares.

Because the amount, timing, and whether
or not we distribute dividends at all is entirely at the discretion of our board of directors, you must rely on price appreciation of
our Class A Ordinary Shares for return on your investment.

Our board of directors has complete discretion
as to whether to distribute dividends. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may
exceed the amount recommended by our board of directors. In either case, all dividends are subject to certain restrictions under the BVI
law