Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 144

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 10
Chunk 144
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tax liability for amounts allocated to years prior to the year of disposition or “excess distribution” cannot be offset
by any net operating losses for such years, and gains (but not losses) realized on the sale of the Class A Ordinary Shares cannot
be treated as capital, even if you hold the Class A Ordinary Shares as capital assets.

A
U. S. Holder of “marketable stock” (as defined below) in a PFIC may make a mark-to-market election for such stock
to elect out of the tax treatment discussed above. If you make a mark-to-market election for the Class A Ordinary Shares, you will
include in income each year an amount equal to the excess, if any, of the fair market value of the Class A Ordinary Shares as of the
close of your taxable year over your adjusted basis in such Class A Ordinary Shares. You are allowed a deduction for the excess, if any,
of the adjusted basis of the Class A Ordinary Shares over their fair market value as of the close of the taxable year. However, deductions
are allowable only to the extent of any net mark-to-market gains on the Class A Ordinary Shares included in your income for prior
taxable years. Amounts included in your income under a mark-to-market election, as well as gain on the actual sale or other
disposition of the Class A Ordinary Shares, are treated as ordinary income. Ordinary loss treatment also applies to the deductible portion
of any mark-to-market loss on the Class A Ordinary Shares, as well as to any loss realized on the actual sale or disposition of
the Class A Ordinary Shares, to the extent that the amount of such loss does not exceed the net mark-to-market gains previously
included for such Class A Ordinary Shares. Your basis in the Class A Ordinary Shares will be adjusted to reflect any such income or loss
amounts.

The
mark-to-market election is available only for “marketable stock”, which is stock that is traded in other than de minimis
quantities on at least 15 days during each calendar quarter (“regularly traded”) on a qualified exchange or other market
(as defined in applicable U. S. Treasury regulations), including the Nasdaq Capital Market. If the Class A Ordinary Shares are regularly
traded on the Nasdaq Capital Market and if you are a holder of Class A Ordinary Shares, the mark-to-market election would be available
to you were we to be or become a PFIC.

Alternatively,
a U. S. Holder of stock in a