Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 301

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 301
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 |      ​ |
| Cash paid for operating leases                                               |   | 43,691 | ​ | $    | 41,744 |
| ​                                                                            | ​ |      ​ | ​ | ​    |      ​ |
| Right-of-use assets obtained in exchange for operating new lease liabilities |   |      — | ​ | $    | 94,687 |

Minimum future lease payments under non-cancellable operating leases described above as of September 30, 2024 were as follows:

| ​                                 | ​ | ​ |      ​ |
|:----------------------------------|:--|:--|-------:|
| For year ended September 30, 2025 |   | $ | 13,256 |
| Total                             |   | ​ | 13,256 |
| ​                                 | ​ | ​ |      ​ |
| Less: present value discount      |   | ​ |   -134 |
| ​                                 | ​ | ​ |      ​ |
| Total operating lease liabilities | ​ | $ | 13,122 |

F-27

NOTE 10 — SHAREHOLDERS’ EQUITY Ordinary shares The Company was established by founding shareholders under the laws of the Cayman Islands on with ordinary shares authorized 50,000, $ 1.0par value, 10,000ordinary shares issuedand outstanding. On July 26, 2022, the Board of Directors and shareholders of the Company unanimously approved the amended and restated memorandum of association, after which, the Company’s authorized share capital is $ 50,000divided into 200,000,000shares comprising (i) 190,000,000Class A ordinary shares of par value $ 0.00025each and (ii) 10,000,000Class B ordinary shares of par value $ 0.00025each. Each Class A Ordinary Share shall entitle the holder thereof to one(1) vote on all matters subject to vote at general meetings of our company and each Class B ordinary share shall entitle the holder thereof to fifteen(15) votes on all matters subject to vote at general meetings of our company. Also, each Class B ordinary share is convertible into one(1) Class A ordinary share at any time at the option of the holder thereof but Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Save and except for voting rights and conversion rights, the Class A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu with one another and shall