Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 170

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 170
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794,834 |   | 1,290,443 |   | 1,404,837 |
| Total payment US$equivalent           |   | 110,328 |   |   182,956 |   |   214,374 |
| Average monthly payment in RMB        |   |  66,236 |   |   107,537 |   |   117,070 |
| Average monthly payment US$equivalent |   |   9,194 |   |    15,246 |   |    17,865 |

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#### Description of PropertyOur Properties and FacilitiesEquipmentOur production relies on a wide variety of equipment, including equipment for office use and factory equipment, facilitating a complete production cycle. As of March 31, 2025 and 2024, our equipment’s total current value is 32,764 and $42,917. As of September 30, 2024 and 2023, our equipment’s total current value is $39,707 and $48,876, respectively.Our equipment consists of electronic devices and office furniture and equipment. The above is devoted to offering online professional education platform and related courseware.Lease commitmentUnder PRC law, land is owned by the state. “Land use rights” are granted to an individual or entity after payment of a land use right fee is made to the applicable state or rural collective economic organization. Land use rights allow the holder of the right to use the land for a specified long-term period.As of March 31, 2025, our principal business sites were in the PRC, Hong Kong and Singapore. The following table sets forth certain information relating to our principal facilities as of March 31, 2025.​​​​​​​​​Size​​​​(Square​​​Owned orLocation​Meters)​Primary Use​Leased1198 Wanrong Road, Rooms 601B, 601C, 601D, 601E, 601F and 602421OfficeLeasedUnit B On 19th Floor, Vulcan House, 21‑23 Leighton Road, Causeway Bay, HONG KONG50OfficeLeasedABI Plaza, 11 Keppel Road, Singapore500OfficeLeased​Intellectual PropertyWe rely on a combination of trademark, patent, and proprietary technology and contractual restrictions on disclosure to protect our intellectual property rights. We enter into relevant confidentiality agreements or provisions with our employees and certain customers and suppliers and rely on confidentiality agreements