Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 58

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 58
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man Islands with any person, firm or corporation except in furtherance                                 
 of the business of the exempted company carried on outside the Cayman Islands (and for this purpose can effect and conclude contracts       
 in the Cayman Islands and exercise in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman 
 Islands);                                                                                                                                   |

| · | does not have to hold an annual general meeting; |

| · | does not have to make its register of members open to inspection by shareholders of that company; |

| · | may obtain an undertaking against the imposition of any future taxation; |

| · | may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands; |

| · | may register as a limited duration company; and |

| · | may register as a segregated portfolio company. |

Class A Ordinary Share and Class B Ordinary Share

Our authorized share capital is US$50,000 divided
into 200,000,000 shares comprising of (i) 190,000,000 Class A Ordinary Shares of a par value of US$0.00025 each and (ii) 10,000,000
Class B Ordinary Shares of a par value of US$0.00025 each. As of the date of this prospectus, 19,992,031 Class A Ordinary Shares
and 2,000,000 Class B Ordinary Shares are issued and outstanding.

Each Class B Ordinary Share is convertible
into one (1) Class A Ordinary Share at any time at the option of the holder thereof. The right to convert shall be exercisable
by the holder of the Class B Ordinary Share delivering a written notice to the Company that such holder elects to convert a specified
number of Class B Ordinary Shares into Class A Ordinary Shares. In no event shall Class A Ordinary Shares be convertible
into Class B Ordinary Shares.

Any conversion of Class B Ordinary Shares into Class A Ordinary Shares pursuant toour second amended and restated memorandum
and articles of association shall be effected by means of the re-designation of each relevant Class B Ordinary Share as a Class A
Ordinary Share. The Company shall make entries in the register of members to record the re-designation of the relevant Class B Ordinary
Shares as Class A Ordinary Shares.

Dividends

Subject to the Cayman Islands Companies Act andany rights and restrictions for the time being attached to any shares, our directors may
from time to time declare dividends (including interim dividends)