Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 290

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 290
---
 Supplier E                            |   |    * |   |    * |   | 11.6 | % |
| Supplier F                            |   |    * |   |    * |   | 10.8 | % |
| Supplier G                            |   |    — |   |    — |   | 39.8 | % |

| * | The purchase from this supplier is not over 10% of total purchase of the Company. |

Major suppliers that make up 10% or more of accounts payable as of September 30, 2024 and 2023 are as follows:

| ​                                            | ​ |    ​ | ​ |    ​ | ​ |
| ​                                            |   | 2024 |   | 2023 | ​ |
| Percentage of the Company’s accounts payable | ​ |      | ​ |      |   |
| Supplier A                                   |   | 33.4 | % |    — | ​ |
| Supplier B                                   |   | 11.2 | % |    — | ​ |
| Supplier C                                   |   |    * |   | 49.4 | % |
| Supplier D                                   |   |    * |   | 23.8 | % |
| Supplier E                                   |   |    — |   | 18.0 | % |

| * | The accounts payable of this supplier is not over 10% of total accounts payable of the Company. |

| (d) | Foreign currency risk |

A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.

The Company’s functional currency is the RMB, and the Company’s financial statements are presented in U.S. dollars. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB and the U.S. dollar in the future. The change in the value of the RMB relative to the U.S. dollar may affect the Company’s financial results