Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 67

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 67
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 indirectly held by residents of the United States and we fail to meet additional requirements necessary to maintain our foreign
private issuer status. If we lose our foreign private issuer status on this date, we will be required to file with the SEC periodic reports
and registration statements on U. S. domestic issuer forms, which are more detailed and extensive than the forms available to a foreign
private issuer. We will also have to mandatorily comply with U. S. federal proxy requirements, and our officers, directors and principal
shareholders will become subject to the short-swing profit disclosure and recovery provisions of Section 16 of the Exchange Act.
In addition, we will lose our ability to rely upon exemptions from certain corporate governance requirements under the Nasdaq rules. As
a U. S. listed public company that is not a foreign private issuer, we will incur significant additional legal, accounting and other
expenses that we will not incur as a foreign private issuer, and accounting, reporting and other expenses in order to maintain a listing
on a U. S. securities exchange.

If we are classified
as a passive foreign investment company, U. S. taxpayers who own our Class A Ordinary Shares may have adverse U. S. federal income tax consequences.

A non-U. S. corporation
such as ourselves will be classified as a passive foreign investment company, which is known as a PFIC, for any taxable year if, for such
year, either:

  at least 75% of our gross income    

  the average percentage of our assets                                                                                                  
  (determined at the end of each quarter) during the taxable year which produce passive income or which are held for the production of  
  passive income is at least 50%.                                                                                                       
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Passive income generally
includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a trade or business)
and gains from the disposition of passive assets.

If we are determined
to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U. S. taxpayer who holds our Ordinary
Shares, the U. S. taxpayer may be subject to increased U. S. federal income tax liability and may be subject to additional reporting requirements.
With the amount of cash we raised in our past offerings, together with any other assets held for the production of passive income, it
is possible