Recent Updates — GRAN
Grande Group Limited has elected to rely on the home country rule exemption under Nasdaq Listing Rule 5615(a)(3). This exemption allows the company to follow British Virgin Islands corporate governance practices instead of specific Nasdaq Marketplace Rule 5635 requirements regarding shareholder approval for security issuances related to acquisitions, changes of control, equity-based compensation, and private placements of 20% or more of outstanding voting power. The company operates in the Hong Kong market and provides diversified business services.
On July 16, 2026, Grande Group Limited entered into an ordinary share purchase agreement with White Lion Capital, LLC. Under this agreement, the Company can issue and sell up to $40,000,000 in newly issued Class A ordinary shares to the investor over a 36-month period. The Company maintains the right to require the investor to purchase shares based on a pricing mechanism referencing specific historical trading prices or volume-weighted average prices. Additionally, the Company executed a registration rights agreement requiring it to file an initial registration statement for the resale of these securities within 30 days of filing its fiscal year 2026 Form 20-F. Grande Group Limited is a company that operates in the consumer goods and retail sector.
Grande Group Limited appointed Ms. Sha, XIA as a Director on July 1, 2026, to fill the vacancy left by the resignation of executive director Mr. Ying Wo Sammy, HO. Ms. Xia, a professional in executive training and education, entered into an employment agreement providing an annual salary of HK$180,000. Her previous experience includes roles at Shenzhen 4Reasons Corporate Education & Training Co., Ltd. and co-founding Beijing Gushan Yiju Culture Media Co., Ltd. The company operates in the education and training services industry.