Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 13

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 13
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| § | A leading Japanese equipment finance Company and longstanding customer went live with our Transcend Finance platform in Australia,        
 following a multi-million-dollar agreement signing in February 2023. The financial division of the Osaka-based customer, a leading global 
 agricultural and industrial equipment manufacturer, was already using our solutions for their operations in New Zealand.                  |

| § | Total net revenues for the second quarter of fiscal 2025 increased 2% to $15.5 million, compared with $15.2 million in the prior year 
 period, driven primarily by increases in subscription and support revenues and services revenues in the quarter.                      |

| § | We signed a multi-million-dollar agreement with Sindbad Management SPC, a major Muscat-based Company which provides big-ticket asset 
 financing and leasing in Oman, for the implementation of Transcend Finance. This marks major inroads into the Middle East market –   
 a region poised for growth and innovation.                                                                                           |

| § | As part of our Transcend Platform, we launched Transcend AI Labs – focused on building AI solutions for the asset retail and                    
 finance industry. This new AI innovation hub empowers automotive and equipment OEMs, dealerships and financiers with AI-driven innovation,      
 automation and consulting services for a competitive edge. Transcend AI Labs is focused on product enhancements and AI consulting services.     
 As part of the launch, we introduced an interactive AI Assistant and Intelligent Document Processing (IDP) capabilities to improve efficiencies 
 and provide better decision-making for businesses, as well as RoleFit AI - an AI-powered resume grader with the ability to auto-generate        
 job descriptions and grade resumes in bulk.                                                                                                     |

| § | We signed a multi-million-dollar agreement with a Chinese leasing Company for the implementation of Transcend Finance in Indonesia.              
 This partnership is for a greenfield implementation, providing the opportunity to fully redesign and customize processes without the limitations 
 of legacy infrastructure. The solution being deployed is a system specifically designed for Indonesia, fully aligned with the country’s          
 regulatory and operational needs, and does not require any data migration from previous systems.                                                 |

| 9 |

Marketing and business development activities

We have pursued a series of strategic marketing
and business development initiatives to capitalize on favorable market conditions and drive growth across our business lines. These efforts
reflect our commitment to building a stronger market presence, expanding our customer base and maintaining a careful focus on profitability.

| 1. | Increased investment in marketing: Given the current market