Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 54

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 54
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 would (i) recognize or enforce judgments of the U. S. courts obtained against us, our subsidiaries, or our
directors or officers predicated upon the civil liability provisions of the securities laws of the U. S. or any state in the U. S. or
(ii) entertain original actions brought in Hong Kong against us, our subsidiaries or our directors or officers predicated upon
the securities laws of the U. S. or any state in the U. S.

A judgment of a court in the U. S. predicated
upon U. S. federal or state securities laws may be enforced in Hong Kong at common law by bringing an action in a Hong Kong
court on that judgment for the amount due thereunder, and then seeking summary judgment on the strength of the foreign judgment, provided
that the foreign judgment, among other things, is (1) for a debt or a definite sum of money (not being taxes or similar charges to
a foreign government taxing authority or a fine or other penalty) and (2) final and conclusive on the merits of the claim, but not
otherwise. Such a judgment may not, in any event, be so enforced in Hong Kong if (a) it was obtained by fraud; (b) the
proceedings in which the judgment was obtained were opposed to natural justice; (c) its enforcement or recognition would be contrary
to the public policy of Hong Kong; (d) the court of the U. S. was not jurisdictionally competent; or (e) the judgment
was in conflict with a prior Hong Kong judgment.

Hong Kong has no arrangement for the reciprocal
enforcement of judgments with the U. S. As a result, there is uncertainty as to the enforceability in Hong Kong, in original
actions or in actions for enforcement, of judgments of the U. S. courts of civil liabilities predicated solely upon the federal securities
laws of the U. S. or the securities laws of any State or territory within the U. S. You may incur additional costs and procedural
obstacles in effecting service of legal process, enforcing foreign judgments or bringing actions in Hong Kong against our subsidiaries,
or our management named in the annual report, as judgments entered in the U. S. can be enforced in Hong Kong only at common law.

The laws of BVI provide limited protections
for minority shareholders, so minority shareholders will not have the same options as to recourse in comparison to the U. S if the shareholders
are diss