Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 67

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 67
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 the application
of their respective proportions of the reserves resolved to be capitalised) of the amounts or part of the amounts remaining unpaid on
their existing shares, and any such agreement made under this authority being effective and binding on all those shareholders; and (e) generally
do all acts and things required to give effect to the resolution.

| 31 |

Liquidation

If we shall be wound up, and the assets available
for distribution amongst the shareholders shall be insufficient to repay the whole of the share capital, such assets shall be distributed
so that, as nearly as may be, the losses shall be borne by the shareholders in proportion to the par value of the shares held by them.
If in a winding up the assets available for distribution amongst the shareholders shall be more than sufficient to repay the whole of
the share capital at the commencement of the winding up, the surplus shall be distributed amongst the shareholders in proportion to the
par value of the shares held by them at the commencement of the winding up subject to a deduction from those shares in respect of which
there are monies due, of all monies payable to us for unpaid calls or otherwise.

Register of Members

Under the Cayman Islands Companies Act, we must
keep a register of members and there should be entered therein:

| · | the names and addresses of the members, a statement of the shares held by each member, and such statement                         
 shall confirm (i) the amount paid or agreed to be considered as paid, on the shares of each shareholder, (ii) the number and      
 category of shares held by each member, and (iii) whether each relevant category of shares held by a member carries voting rights 
 under rights under the articles of association of the company, and if so, whether such voting rights are conditional;             |

| · | the date on which the name of any person was entered on the register as a member; and |

| · | the date on which any person ceased to be a member. |

Under the Cayman Islands Companies Act, the register
of members of our company is prima facie evidence of the matters set out therein (that is, the register of members will raise a presumption
of fact on the matters referred to above unless rebutted) and a shareholder registered in the register of members is deemed as a matter
of the Cayman Islands Companies Act to have legal title to the shares as set against its name in the register of members. Upon the completion
of any issuance of shares, the register of members will