According to relevant statistics, only 158 private fund managers nationwide successfully completed registration in 2025, representing a further decrease of 4.24% from 165 in 2024. Against this challenging industry backdrop, Grandall Law Firm, with its profound professional expertise and outstanding comprehensive service capabilities, successfully assisted 17 private fund managers in completing their registration procedures. This achievement not only enabled Grandall to lead the entire industry once again with a 10.76% market share, but also marked a steady increase in its market share compared with 2024.