Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 287

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 287
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 currency of U.S. Dollars (“US$”). The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in the translation.

The following table outlines the currency exchange rates that were used in creating the CFS in this report:

| ​                                                    | ​ |               ​ | ​ |               ​ | ​ |               ​ |
| ​                                                    | ​ |   September 30, | ​ |   September 30, | ​ |   September 30, |
| ​                                                    |   |            2024 |   |            2023 |   |            2022 |
| RMB Balance sheet items, except for equity accounts  | ​ | US$1=RMB 7.0176 | ​ | US$1=RMB 7.2960 | ​ | US$1=RMB 7.1135 |
| RMB Items in the statements of income and cash flows |   | US$1=RMB 7.2043 |   | US$1=RMB 7.0533 |   | US$1=RMB 6.5532 |
| HK$ Balance sheet items, except for equity accounts  |   |  US$1=HK$7.7693 |   |  US$1=HK$7.8308 |   |             N/A |
| HK$ Items in the statements of income and cash flows |   |  US$1=HK$7.8127 |   |  US$1=HK$7.8310 |   |             N/A |
| SG$ Balance sheet items, except for equity accounts  |   |  US$1=SG$1.2831 |   |             N/A |   |             N/A |
| SG$ Items in the statements of income and cash flows |   |  US$1=SG$1.3406 |   |             N/A |   |             N/A |

Comprehensive income (loss)

Comprehensive income consists of two components, net income and other comprehensive income (loss). Other comprehensive income (loss) refers to revenue, expenses, gains and losses that under U.S. GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income (loss) consists of foreign currency translation adjustment resulting from the Company not using US$ as its