Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 32

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 32
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OB-registered public accounting firms headquartered in mainland China
and Hong Kong completely in 2022. The PCAOB vacated its previous 2021 determinations that the PCAOB was unable to inspect or investigate
completely registered public accounting firms headquartered in mainland China and Hong Kong. However, whether the PCAOB will continue
to be able to satisfactorily conduct inspections of PCAOB-registered public accounting firms headquartered in mainland China and Hong
Kong is subject to uncertainties and depends on a number of factors out of our and our auditors’ control. The PCAOB continues to
demand complete access in mainland China and Hong Kong moving forward and is making plans to resume regular inspections in early 2023
and beyond, as well as to continue pursuing ongoing investigations and initiate new investigations as needed. The PCAOB has also indicated
that it will act immediately to consider the need to issue new determinations with the HFCAA if needed.

| 8 |

Each of Wei, Wei &Co., LLP, the independent
registered public accounting firm that issued the audit report for the fiscal year ended September 30, 2024 as set forth in this
prospectus, and Marcum Asia CPAs LLP (“Marcum Asia”) the independent registered public accounting firm that issued the audit
report for the fiscal years ended September 30, 2023 and 2022 as set forth in this prospectus, is an auditor of companies that are
traded publicly in the U.S. and a firm registered with the PCAOB, is subject to laws in the U.S., pursuant to which the PCAOB conducts
regular inspections to assess its compliance with the applicable professional standards. Wei, Wei &Co., LLP is headquartered
in Flushing, New York, and has been inspected by the PCAOB on a regular basis. Marcum Asia is headquartered in New York, New York and
has been inspected by the PCAOB on a regular basis. Neither of Wei, Wei &Co., LLP or Marcum Asia is subject to the determinations
announced by the PCAOB on December 16, 2021. However, the recent developments would add uncertainties to our continued listing on
Nasdaq and we cannot assure you whether Nasdaq or regulatory authorities would apply additional and more stringent criteria to us after
considering the effectiveness of our auditors’ audit procedures and quality control procedures, adequacy of personnel and training,
or sufficiency of resources, geographic reach, or experience as it relates to our audit. If the