Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 87

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 87
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 we
generally consider (i) the nature and complexity of the transaction; (ii) scope of our duties; (iii) length of time and
manpower required; and (iv) the expected workload.

Our
Clients

Our clients mainly comprise listing applicants and listed companies
on the HKSE and their respective shareholders and financial institutions. We recorded revenue of 57.2%, 78.1% and 85.6% from our top five
clients for the years ended March 31, 2025, 2024 and 2023, respectively. The following table sets out the percentage of revenue generated
from our top five clients:

For
the year ended March 31, 2025:

                           Name of client                                     Types of services provided by us                                        
  Largest client           Yellow River Securities Limited                    Referral services                                                 30.8  
  2 nd largest client      China Wacan Group Company Limited                  Financial advisory services                                        8.2  
  3 rd largest client      S& T Holdings Limited                              Financial advisory services and compliance advisory services       6.3  
  4 th largest client      Shenzhen Yueyuan Construction Company Limited      IPO sponsorship and related services                               6.0  
  5 th largest client      MS (HK) Engineering Limited                        Financial advisory services                                        5.9  
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  Total                                                                                                                                         57.2  

For
the year ended March 31, 2024:

                           Name of client                                              Types of services provided by us                                              
  Largest client           Qingdao Fujing Agriculture Development Company Limited      IPO sponsorship and related services                                    28.2  
  2 nd largest client      Easy Smart Engineering                                      IPO sponsorship and related services; compliance advisory services      25.2  
                           Limited Easy Smart Group                                                                                                                  
                           Holdings Limited                                                                                                                          
  3 rd largest client      Wing Kei Management                                         IPO sponsorship and related services; compliance advisory services      18.9  
                           Limited                                                                                                                                   
  4 th largest client      Asia Piling Co Pte. Ltd                                     IPO sponsorship and related services                                     3.3  
  5 th largest client      Hubei Qiangda Packaging                                     Compliance advisory services                                             2.5  
                           Industry Company Limited                                                                                                                  
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