Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 76

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 76
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 in connection with dissolutions initiated by the board of directors.

Under Cayman Islands law, a company may be wound
up by either an order of the courts of the Cayman Islands or by a special resolution of its members or, if the company is unable to pay
its debts as they fall due, by an ordinary resolution of its members. The court has authority to order winding up in a number of specified
circumstances including where it is, in the opinion of the court, just and equitable to do so.

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Variation of Rights of Shares

Under the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise. Under our second amended and restated memorandum and articles of association,whenever the capital of the company is divided into different classes the rights attached to any such
class may, subject to any rights or restrictions for the time being attached to any class, only be materially and adversely varied
with the consent in writing of the holders of two-thirds of the issued shares of that class or with the sanction of a special resolution
passed at a separate meeting of the holders of the shares of that class.

Amendment of Governing Documents

Under the Delaware General Corporation Law, a
corporation’s certificate of incorporation may be amended only if adopted and declared advisable by the board of directors and approved
by a majority of the outstanding shares entitled to vote. The bylaws may be amended with the approval of a majority of the outstanding
shares entitled to vote. If so provided in the certificate of incorporation, they may also be amended by the board of directors. Under
the Cayman Islands Companies Act and our second amended and restated memorandum and articles of association, our memorandum and articles
of association may only be amended by a special resolution of our shareholders.

Listing

Our Class A ordinary shares are traded on
Nasdaq Capital Market under the symbol “NTCL”.

Transfer Agent and Registrar

The transfer agent and registrar for the ordinary
shares is Vstock Transfer, LLC.

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<div align='center'>DESCRIPTION OF WARRANTS</div>

The following description, together with the additional
information we may include in any applicable prospectus supplements, summarizes the material terms and provisions of the warrants that
we may offer under this prospectus and the related warrant agreements and warrant certificates. While the terms summarized below will
apply generally to any warrants that we may offer