STOCK TITAN

Grande Group (GRAN) updates 76% control, insider roles and $9.5M pledge

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Grande Group Ltd/HK’s controlling shareholders updated their ownership and control structure in this Schedule 13D/A. Grande Holding Limited continues to hold 15,194,000 Class A Ordinary Shares, representing about 76.33% of the 19,906,250 shares outstanding. On June 17, 2026, Grande Holding issued 10 of its 110 shares to Tianhang Zhao for US$1.10 million, and she became its sole director, giving her shared voting and dispositive power over Grande Group’s 15,194,000 shares.

On the same date, CEO and chair Yujie Chen resigned as a director of Grande Holding, so she no longer has voting or dispositive power over these shares and is no longer deemed a beneficial owner above 5%. A US$9.5 million Promissory Note was also secured by a Share Charge pledging 100 of Grande Holding’s 110 shares (about 90.91%) to LHS Prime Limited, although voting rights remain with the pledgors unless an enforcement event occurs.

Positive

  • None.

Negative

  • None.

Insights

Control remains concentrated via Grande Holding, but voting power and security interests have shifted among insiders.

The filing shows that Grande Holding Limited still controls 15,194,000 Class A Ordinary Shares, or about 76.33% of Grande Group. Economic control of Grande Holding is split among Blazing Success, Ocean Empire and Tianhang Zhao, with Zhao now holding 9.09% and serving as sole director.

Yujie Chen, while still CEO and an indirect minority holder, no longer has voting or dispositive power over the issuer’s shares and is no longer a >5% beneficial owner as of June 17, 2026. In contrast, Tianhang Zhao and Tak Kai Raymond Tam are deemed beneficial owners under Rule 13d-3 through their roles and upstream stakes.

A notable feature is the $9,500,000 Promissory Note secured by a Share Charge over 100 of Grande Holding’s 110 shares (about 90.91%). This encumbers most of the holding company equity in favor of LHS Prime Limited, though voting rights stay with Blazing Success and Ocean Empire unless an “Event of Enforcement” occurs. Future developments around that financing and any enforcement events would be important to track in subsequent disclosures.

Controlling stake 15,194,000 Class A Ordinary Shares Shares held by Grande Holding Limited
Ownership percentage 76.33% Portion of 19,906,250 outstanding Class A shares
Shares outstanding 19,906,250 Class A shares Issued and outstanding as referenced in the filing
Zhao subscription US$1,100,000 Cash paid by Tianhang Zhao for 10 Grande Holding shares
Promissory Note $9,500,000 Principal amount secured by Share Charge to LHS Prime Limited
Grande Holding issued shares 110 shares Post-issuance capital of Grande Holding Limited
Pledged holding company shares 100 of 110 shares (90.91%) Grande Holding shares pledged under Share Charge
beneficial owner financial
"is therefore deemed to be a beneficial owner of such shares for purposes of Rule 13d-3"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Rule 13d-3 regulatory
"are therefore deemed to be the beneficial owners of such shares for purposes of Rule 13d-3"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Share Charge financial
"entered into a Share Charge (the "Share Charge") in favor of LHS Prime Limited, as secured party"
Promissory Note financial
"under a Promissory Note in the principal amount of $9,500,000 (the "Note") executed in favor of LHS Prime Limited"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
security interest financial
"creates a continuing first priority lien and security interest, and a first-ranking equitable mortgage"
A security interest is a legal claim a lender or creditor holds on a borrower's asset as collateral to secure repayment; if the borrower fails to pay, the creditor can seize or sell that asset to recover money owed. Think of it like a pawnshop tag on an item that gives the pawnbroker the right to sell it if the loan isn't repaid. For investors, security interests matter because they change how safely lenders and bondholders can recover funds and affect the hierarchy of claims if a company faces financial trouble.
Event of Enforcement regulatory
"unless and until an Event of Enforcement (as defined therein) occurs. Upon an Event of Enforcement, all voting rights vest"
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G4R53M103

(CUSIP Number)
Yujie Chen
Suite 2701, 27/F., Tower 1, Admiralty Center, 18 Harcourt Road
Admiralty, K3, 000000
852 3890 3601

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/17/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage reported in Item 13 above is based on a total of 19,906,250 issued and outstanding Class A Ordinary Shares, par value US$0.00001 per share (the "Class A Ordinary Shares"), as of the date of this Schedule 13D/A, as represented by Grande Group Limited (the "Issuer").


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Ms. Yujie Chen, the Chief Executive Officer and Chair of the Board of the Issuer, previously shared voting and dispositive power over the 15,194,000 Class A Ordinary Shares held by Grande Holding Limited, by virtue of her position as the Director of Grande Holding Limited. Effective June 17, 2026, Ms. Chen resigned as Director of Grande Holding Limited. Ms. Chen owns 99% issued shares of Ocean Empire Group Limited, which owns 25 of 110 issued shares (22.73%) of Grande Holding Limited. However, as a minority indirect shareholder without a directorship or other arrangement conferring voting or dispositive power over the Issuer's shares, Ms. Chen is no longer deemed to beneficially own the Class A Ordinary Shares of the Issuer. This filing reports the termination of Ms. Chen's beneficial ownership. (2) The percentage reported in Item 13 above is based on a total of 19,906,250 issued and outstanding Class A Ordinary Shares, as of the date of this Schedule 13D/A, as represented by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The shares above represent 15,194,000 Class A Ordinary Shares held by Grande Holding Limited, a company incorporated under the laws of the Cayman Islands. Grande Holding Limited is owned 68.18% by Blazing Success Holdings Limited, 22.73% by Ocean Empire Group Limited, and 9.09% by Tianhang Zhao. Mr. Tak Kai Raymond Tam owns 100% of the equity interests in Rosy Beauty Investment Limited, which owns 99% of the equity interests in Blazing Success Holdings Limited, which owns 68.18% of the issued shares of Grande Holding Limited. Ms. Yujie Chen, the Chief Executive Officer and Chair of the Board of the Issuer, owns 99% of the equity interests in Ocean Empire Group Limited, which owns 22.73% of the issued shares of Grande Holding Limited. Tianhang Zhao directly holds 9.09% of the issued shares of Grande Holding Limited and serves as the Director of Grande Holding Limited. Ms. Zhao and Mr. Tam share voting and dispositive power with respect to the shares of the Issuer held by Grande Holding Limited and are therefore deemed to be the beneficial owners of such shares for purposes of Rule 13d-3 under the Securities Exchange Act of 1934. (2) The percentage reported in Item 13 above is based on a total of 19,906,250 issued and outstanding Class A Ordinary Shares, as of the date of this Schedule 13D/A, as represented by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1)The shares above represents 15,194,000 Class A Ordinary Shares held by Grande Holding Limited, a company incorporated under the laws of the Cayman Islands, holds shares of the Issuer. Mr. Tianhang Zhao directly holds 10 of the 110 issued shares (9.09%) of Grande Holding Limited and serves as the sole Director of Grande Holding Limited. By virtue of his position as the sole Director, Mr. Zhao may be deemed to share voting and dispositive power with respect to the 15,194,000 Class A Ordinary Shares of the Issuer held by Grande Holding Limited and is therefore deemed to be a beneficial owner of such shares for purposes of Rule 13d-3 under the Securities Exchange Act of 1934. (2) The percentage reported in Item 13 above is based on a total of 19,906,250 issued and outstanding Class A Ordinary Shares, as of the date of this Schedule 13D/A, as represented by the Issuer.


SCHEDULE 13D


Grande Holding Limited
Signature:/s/ Tianhang Zhao
Name/Title:Tianhang Zhao/Director
Date:06/29/2026
Yujie Chen
Signature:/s/ Yujie Chen
Name/Title:Yujie Chen
Date:06/29/2026
Tak Kai Raymond Tam
Signature:/s/ Tak Kai Raymond Tam
Name/Title:Tak Kai Raymond Tam/Director
Date:06/29/2026
Tianhang Zhao
Signature:/s/ Tianhang Zhao
Name/Title:Tianhang Zhao/Director
Date:06/29/2026