Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 42

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 42
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,528 and $9,257,607 during the years ended September 30, 2024, 2023 and 2022, respectively.

In 2023, due to the impact of the epidemic, the
Company, like many other Chinese companies, intends to become an international enterprise and expand into overseas markets. As Hong Kong
is a bridge between mainland China and overseas, the Company focuses on Hong Kong and effectively expands its application development
business, including data storage and computing equipment, and technical services. Furthermore, the Company hopes to expand its market
in Southeast Asia in the future.

From 2023 to September 2025, the Company had dual headquarters, namely, NetClass China and NetClass HK, which are in
Shanghai and Hong Kong respectively. NetClass China mainly undertakes the development of SaaS subscription services, smart campus
and other application development services, as well as the Company’s R&D work. NetClass Hong Kong’s business mainly
focuses on application development and technical services. In the future, the Company will expand its technical services and SaaS subscription
business in Hong Kong and overseas. At the same time, the Hong Kong headquarter serves as a base for conducting business with Southeast
Asian countries.

Beginning September 1, 2025, the Companyhas been operating its headquarters in Singapore. Relocating its headquarters to Singapore
enables the Company to strengthen its access to the core markets of the Asia-Pacific region, while fostering closer connections with the
local innovation ecosystem, capital resources, and top talent.

OurProducts

Smart Campus Solutions

Smart Campus is an information system designed
for schools that includes the basic network infrastructure and the digital education resources management. Smart Campus can help schools
and teachers improve teaching efficiency, and help students and parents boost learning participation and engagement. For example, a smart
campus can include systems that manage classrooms, students, teachers, curriculum, transcript, safety, property, environment and energy, etc.
Depending on the customer’s needs, we can design an integrated smart campus that includes several modules or we can provide services
based on a single module.

Smart Campus systems collect and analysis the
studying data and related information provided by school, teachers and students. The system processes the data and generate feedback and
alerts to schools for offering better teaching and management service to students, and for the safety of students.

Our IT solutions in building a smart campus include
(1) management system of teaching resource like facilities, courseware, teaching data