GRANDE GROUP LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Core Viewpoint - Grande Group Limited has successfully closed its initial public offering, raising approximately US$9.375 million through the sale of 1,875,000 Class A ordinary shares at a price of $5.00 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "GRAN" [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,875,000 Class A ordinary shares priced at $5.00 each, resulting in gross proceeds of approximately US$9.375 million before expenses [1][2]. - The underwriters have a 45-day option to purchase an additional 281,250 Class A ordinary shares, representing 15% of the shares sold in the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to strengthen the corporate finance advisory business, develop the asset management business, establish equity capital market services, and for general working capital purposes [3]. Group 3: Company Background - Grande Group Limited, through its subsidiary Grande Capital Limited, provides corporate finance advisory services and IPO sponsor services and is licensed by the Securities and Futures Commission of Hong Kong for regulated activities [7].