Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 189

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 189
---
,000,000Class B Ordinary Shares to Grande Holding Limited.

The Company believe it is appropriate to reflect the above transactions
of Share Subdivision and Share Redesignation on a retroactive basis and the Company has retroactively adjusted the shares and per share
data for all periods presented.

There were17,750,000and10,000,000Class A Ordinary Shares issued and outstanding as of March 31, 2025 and 2024, respectively, and there were5,000,000and nilClass B Ordinary
Shares issued and outstanding as of March 31, 2025 and 2024.

  (d)      Dividends  

On June 25, 2024, the Company declared
and made dividends of $0.077per ordinary shares in the amount of $769,231to its ordinary shareholders.

NOTE
12 - EMPLOYEE BENEFIT PLANS

Hong
Kong

The
Company has a defined contribution pension scheme for its qualifying employees. The scheme assets are held under a provident fund managed
by an independent fund manager. The Company and its employees are each required to make contributions to the scheme calculated at 5

NOTE
13 - PROVISION FOR INCOME TAXES

BVI

Grande
Group are not subject to tax on income or capital gains under current BVI law. In addition, upon payments of dividends by these entities
to their shareholders, no BVI withholding tax will be imposed.

Hong
Kong

Under
the two-tiered profits tax rates regime, the first HK$ 2 8.25 2 16.5 16.5

Accordingly,
the Hong Kong profits tax is calculated at 8.25 2 16.5 2

The effective tax rates on income before income tax for the years
ended March 31, 2025, 2024 and 2023 was15.37%,15.67% and14.83%, respectively.

The
current and deferred portions of the income tax expenses included in the consolidated statements of operations as determined in accordance
with ASC 740 are as follows:

                           March 31,                                                             
                           2025                        2024                   2023               
  Current taxes            $              294,179      $         291,282      $         —        
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Deferred taxes                          —                       42,789                222,690  
  Income tax