Those are the extremities of the range where they will survive. You don't want to be near those extremes.
Lifespan will be greatly reduced.
Keeping it to the ranges we suggest will mean the shrimp are living in a more tolerable conditions. It also means you leave room for swings either way with enough time to catch it and correct it.
It's like saying "Humans like 10deg C to 50deg C." That statement is correct and incorrect at the same time.
Yeah, we might survive in those temperatures, but we certainly prefer it to be 20-26deg C. I certainly don't like 50Deg C temps.
Likewise with shrimp.
When GH is too high, the excessive calcium content will make moulting more difficult, and the shrimp expends too much energy trying to shed their old shells. This is a number one cause of deaths apart from bacterial infection.
The high calcium content also makes the eggs harder and males trying to fertilise eggs becomes an issue.
When GH is at the opposite spectrum of the scale and is too low, their shells are not going to be strong enough and you might get deformities.
KH impacts your water parameter like pH. When KH is too high, your pH increases. When KH is too low, pH drops. The key to to maintain stability wit your water parameter. Just enough KH to get the right pH reading with out it swinging wildly in a short amount of time. Settling on a value of 2-4 dGH for KH is the Goldilocks number. Just enough to get pH to the right value, not too much and not too little.
Keeping water parameters at the extreme ends of their tolerance will also result in a stressed shrimp, leading to lower immunity and increased possibility of catching diseases.