Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 50

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 50
---
 on all matters submitted to a vote by the shareholders. Each Class A
Ordinary Share has one (1) vote and each Class B Ordinary Share has twenty (20) votes. Class A Ordinary Shares and Class B Ordinary
Shares are not convertible into each other.

The Class B Ordinary Shares outstanding are all ultimately and
beneficially owned by Mr. Tak Kai Raymond, TAM and Ms. Yujie, CHEN (our Chief Executive Officer and the Chair of our Board), through
Grande Holding Limited (our Controlling Shareholder), which are representing 83.40% of the aggregate voting power of our issued and outstanding
Ordinary Shares.

Because of the one-to-twenty voting ratio between
our Class A and Class B Ordinary Shares, Mr. Tam and Ms. Chen, through Grande Holding Limited, will continue to control
a majority of the combined voting power of our Ordinary Shares and therefore be able to control all matters submitted to our shareholders
for approval so long as the Class B Ordinary Shares held by Grande Holding represent at least 51% of the voting power of all outstanding
Ordinary Shares.

This concentrated control will limit the ability
of holders of Class A Ordinary Shares to influence corporate matters for the foreseeable future. Our Amended and Restated Memorandum
and Articles of Association do not include the sunset provisions to limit the lifespan of the Class B Ordinary Shares (meaning the high-vote
feature of our Class B Ordinary Shares may persist indefinitely). The death of the ultimate beneficial owner of our Class B
Ordinary Shares or intra-family transfers of Class B Ordinary Shares would not require conversion of the Class B Ordinary Shares. Furthermore,
should the Company decide to issue additional Ordinary Shares in the future, the one-to-twenty voting ratio between the two classes
of our ordinary shares will result in further dilutive effect on the holders of Class A Ordinary Shares.

As a result, for so long as Grande Holding Limited
owns
a controlling or significant voting interest in our Ordinary Shares, it generally will be able to control or significantly influence,
directly or indirectly and subject to applicable law, all matters affecting us, including:

  the election of directors;                                                                                                               
  determinations with respect                                                                                                              
  determinations with respect                                                                                                              
  our financing and dividend                                                                                                               
  determinations with respect                                                                                                              
  compensation and benefits                                                                                                                

Even if Grande Holding Limited were to dispose
of certain of its shares of our Ordinary Shares such that it would control less than a majority of the voting