Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 39

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 39
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 or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s most recent fiscal year ended September 30, 2024 and through December 27, 2024, the date of
dismissal, (a) there were no disagreements with Marcum Asia CPAs LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum Asia CPAs LLP,
would have caused it to make reference thereto in its reports on the financial statements for such years and (b) there were
no “reportable events” as described in Item 16F of Form 20-F, except for the material weakness related to the Company’s
internal control over financing reporting, including (i) the lack of key monitoring mechanisms such as an internal control department
to oversee and monitor the Company’s risk management, business strategies and financial reporting procedure and the lack of adequately
designed and documented management review controls to properly detect and prevent certain accounting errors and omitted disclosures in
the footnotes to the consolidated financial statements, (ii) the lack of sufficient resources and expertise with U.S GAAP and
the SEC reporting experiences in the accounting department to provide accurate information in a timely manner, (iii) the lack of
sufficient controls designed and implemented in IT environment and IT general control activities, mainly associated with areas of access
logical security, system change management, IT operations and cyber security monitoring activities.

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On December 30, 2024, the Board of Directors
of the Company and the Audit Committee of the Company approved and ratified the appointment of Wei, Wei &Co., LLP as its new
independent registered public accounting firm to audit the Company’s financial statements, effective December 29, 2024. During
the two most recent fiscal years ended September 30, 2024 and 2023 and any subsequent interim periods through the date hereof
prior to the engagement of Wei, Wei &Co., LLP, neither the Company, nor someone on its behalf, has consulted Wei, Wei &Co.,
LLP regarding:

(i)either:
the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might
be rendered on the Company’s consolidated financial statements, and either a written report was provided to the Company or oral
advice was provided that the new independent registered public accounting firm concluded was an