Company: NTCL
Filing Date: 2025-02-18
Form Type: 20-F
Source: 0001410578-25-000153
Chunk: 135

Company: NetClass Technology Inc
Filing Date: 2025-02-18
Form: 20-F
Item: Item 7
Chunk 135
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biao Dai served as a supervisor and hold 60% of the shares                                
Shanghai Chuangbo Enterprise Development Co., Ltd       A director of the Company serving as a corporate supervisory role                             
Shanghai Longruan Business Consulting Co., Ltd          Jianbiao Dai serves as legal representative and holds 80% of the shares directly or indirectly
Lang Wide Investment Inc.                           ​   A shareholder of the Company                                                                  
​
2) Significant Related party transactions
​
Purchases from related parties

               ​                  ​   ​    ​    ​    ​    ​    ​     ​      ​  
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​                                 ​   For the years ended                      
​                                 ​   September 30,                            
​                                 2024          2023           2022            
Shanghai Youfu Network Co., Ltd   ​   $—        ​    $—        ​    $137,645   
Total                             ​   $—        ​    $—        ​    $137,645   
​
Borrowings from related parties

                       ​                          ​    ​      ​      ​    ​     ​    ​   ​   ​
----------------------------------------------------------------------------------------------
​                                                 2024                        2023        2022
Shanghai Longruan Business Consulting Co., Ltd.   ​   $—             ​     $72,307   ​   $—   
Lang Wide Investment Inc.                         ​         25,000   ​           —   ​       —
Jianbiao Dai                                      ​         17,147   ​         766   ​       —
Total                                             ​   $42,147        ​     $73,073   ​   $—   
​

89

(3) Due to related parties
​

                        ​                           ​    ​        ​      ​    ​        ​   
-------------------------------------------------------------------------------------------
​                                                   2024                               2023
Due to related parties                              ​   ​            ​   ​      ​         ​
Shanghai Chuangbo Enterprise Development Co., Ltd   ​   $—               ​             $274
Shanghai Longruan Electronics Group Co., Ltd        ​           71,249   ​           68,531
Jianbiao Dai                                        ​           18,564   ​            1,373
Shanghai Youfu Network Co., Ltd                     ​          114,138   ​          109,923
Lang Wide Investment Inc.                           ​           25,000   ​                —
Total                                               ​   $228