Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 59

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 59
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 and other distributions on shares in issue and authorise payment of
the same out of the funds of the Company lawfully available therefor. Under the laws of the Cayman Islands, our company may pay a dividend
out of either profit or share premium account; provided that in no circumstances may a dividend be paid if immediately following the date
on which the dividend is proposed to be paid, our company would be unable to pay its debts as they fall due in the ordinary course of
business.

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Voting Rights

Holders of Class A Ordinary Shares and Class B
Ordinary Shares shall, at all times, vote together as one class on all matters submitted to a vote by the shareholders at any general
meeting of the Company. Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject
to the vote at general meetings of our company, and each Class B Ordinary Share shall entitle the holder thereof to fifty (50) votes
on all matters subject to the vote at general meetings of our company.

An ordinary resolution to be passed by the shareholders
requires the affirmative vote of a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person
or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorized representatives, at a general meeting,
while a special resolution requires the affirmative vote of a majority of not less than two-thirds of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorized
representatives, at a general meeting of the Company of which notice specifying the intention to propose the resolution as a special resolution
has been duly given. Both ordinary resolutions and special resolutions may also be passed by a unanimous written resolution signed by
all the shareholders of our company, as permitted by the Cayman Islands Companies Act and our second amended and restated memorandum and
articles of association. A special resolution will be required for important matters such as a change of name or making changes to our
memorandum and articles of association.

Variation of Rights of Shares

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