Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 2

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 2
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 revenues derived from clients in Singapore increased by approximately $0.1 million from $0.3 million
in the year ended March 31, 2024 to $0.4 million in the year ended March 31, 2025.

As
stipulated and required by the Trial Administrative Measures, as the condition for the “overseas securities companies” outside
of Mainland China, such as our Operating Subsidiary, to engage the PRC domestic companies as client to act as their listing sponsors
(i. e. in our case, to conduct Type 6 (advising on corporate finance activities) and Type 1 (dealing in securities) activities) for their
overseas listings outside of Mainland China, the overseas securities companies, such as our Operating Subsidiary, shall be subject to
the filing/reporting, verification and supervisory obligations to the CSRC regarding the overseas listing projects of the PRC domestic
companies engaged, including: (1) filing and registering with CSRC as sponsors or underwriters who are being engaged by PRC domestic
companies for their overseas listing, and submitting report to the CSRC annually on the relevant business activities of such overseas
securities companies regarding overseas listings of PRC domestic companies; and (2) for each projects engaged by the overseas securities
companies, submitting the undertakings to the CSRC that such offshore securities companies have verified and examined the documents submitted
to CSRC by its clients in relation to their overseas listing, and that such documents are true, accurate and complete.

Currently,
Grande Capital, our Operating Subsidiary, is registered with the CSRC under Article 21 of Trial Administrative Measures as the overseas
securities company and has provided the undertakings to the CSRC in relation to the PRC domestic companies clients that engaged Grande
Capital as the listing sponsor for their overseas listings in Hong Kong. As long as our Operating Subsidiary conducts the regulated activities
in Hong Kong that involves PRC domestic companies, our Operating Subsidiary could be subject to the regulatory oversights from the CSRC
under the Trial Administrative Measures for its business of providing listing sponsorship of PRC domestic companies, and our Operating
Subsidiary may be subject to the laws and regulations of Mainland China, the legal and operational risks associated in Mainland China
may also apply to our operations in Hong Kong for having existing or potential clients who are companies based in Mainland China
or have