Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 66

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 66
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 is present may exercise all powers exercisable by the directors.

Thedirectors may from time to time at their discretion exercise all the powers of the Company to raise or borrow money and to mortgage
or charge its undertaking, property and assets (present and future) and uncalled capital or any part thereof, to issue debentures, debenture
stock, bonds and other securities, whether outright or as collateral security for any debt, liability or obligation of the Company or
of any third party.

Each director shall exercise his powers for a
proper purpose. Each director, in exercising his powers or performing his duties, shall act honestly and in good faith in what the director
believes to be the best interests of us.

Capitalization

The directors may (a) resolve to capitalise an amount standing to the credit of reserves (including a share premium account, capital
redemption reserve and profit and loss account), which is available for distribution; (b) appropriate the sum resolved to be capitalised
to the shareholders in proportion to the nominal amount of shares (whether or not fully paid) held by them respectively and apply that
sum on their behalf in or towards: (i) paying up the amounts (if any) for the time being unpaid on shares held by them respectively,
or (ii) paying up in full unissued shares or debentures of a nominal amount equal to that sum, and allot the shares or debentures,
credited as fully paid, to the shareholders (or as they may direct) in those proportions, or partly in one way and partly in the other,
but the share premium account, the capital redemption reserve and profits which are not available for distribution may, for the purposes
of our memorandum and articles of association, only be applied in paying up unissued shares to be allotted to shareholders credited as
fully paid; (c) make any arrangements they think fit to resolve a difficulty arising in the distribution of a capitalised reserve
and in particular, without limitation, where shares or debentures become distributable in fractions the directors may deal with the fractions
as they think fit; (d) authorise a person to enter (on behalf of all the shareholders concerned) into an agreement with the Company
providing for either: (i) the allotment to the shareholders respectively, credited as fully paid, of shares or debentures to which
they may be entitled on the capitalisation, or (ii) the payment by the Company on behalf of the shareholders (by