Company: GRAN
Filing Date: 2025-01-30
Form Type: F-1/A
Source: 0001213900-25-008225
Chunk: 128

Company: Grande Group Ltd/HK
Filing Date: 2025-01-30
Form: F-1/A
Chunk 128
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 in cash flow from changes in operating assets and liabilities of $0.4million mainly included cash inflow arising from accounts receivable of $0.5million, which were offset by cash outflow arising from lease liability of $0.1million. For the year ended March 31, 2024, our net cash provided by operating activities was $1.2 million, which primarily reflected cash inflow from our net income of $1.8 million adjusted for (i) net non -cashexpenses of $0.2 million, representing non -cashlease expense, depreciation, reversal of provision for expected credit losses and deferred tax expenses, and (ii) net decrease in cash flow from changes in operating assets and liabilities of $0.9 million mainly attributable to cash outflow arising from contract liabilities of $1.1 million, which were offset by cash inflow arising from accrued expenses and other liabilities of $0.3 million. For the year ended March 31, 2023, our net cash provided by operating activities was $0.2 million, which primarily reflected cash inflow from our net income of $1.3 million adjusted for (i) net non -cashexpenses of $0.5 million including non -cashlease expense, depreciation, provision for expected credit losses and deferred tax expenses, and (ii) net decrease in cash flow from changes in operating assets and liabilities of $1.5 million mainly included cash outflow arising from contract liabilities of $0.8 million, accounts receivable of $0.5 million and lease liability of $0.2 million. Cash (used in) provided by financing activities For the six months ended September30, 2024, net cash used in financing activities was $1.0million, which mainly consists of payments of dividend and offering costs related to the Offering. Net cash used in financing activities for the six months ended September30, 2023 was nil. For the year ended March31, 2024, net cash used in financing activities was $0.3million, which mainly consists of payments of offering costs related to the Offering. For the year ended March31, 2023, net cash provided by financing activities was approximately $0.3million, solely consisted of advance from a related party, being Grande Holding Limited, of $0.3million. Mr.Tak Kai Raymond, TAM, the majority shareholder of the Controlling Shareholder, is the source of the funds that the Controlling Shareholder loaned to the Company