Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 50

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 50
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65 91821823. Our registered
office provider in the Cayman Islands is Harneys Fiduciary (Cayman) Limited. Our registered office in the Cayman Islands is located at
4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands. Our registered agent in
the United States is Cogency Global Inc. We maintain a corporate website at ir.netclasstech.com. We do not incorporate the information
on our website into this prospectus and you should not consider any information on, or that can be accessed through, our website as part
of this prospectus.

Summary of Risk Factors

Investing in our Class A Ordinary Shares
involves a high degree of risk. Below is a summary of material factors that make an investment in our Class A Ordinary Shares speculative
or risky. Importantly, this summary does not address all of the risks that we face. Please refer to the information contained in and incorporated
by reference under the heading “Risk Factors” on page 14 of the 2024 Annual Report.

Risks Related to Doing Business in the PRC

| · | The Chinese government exerts substantial influence over the manner in which we must conduct our business                                        
 activities. We are currently not required to obtain approval from Chinese authorities to list on U.S exchanges, however, if our subsidiaries     
 or the holding company were required to obtain approval or filing requirements in the future and were denied permission from Chinese authorities 
 to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange, which would materially affect the interest of the           
 investors.                                                                                                                                       |

| 17 |

| · | The PRC government may impose restrictions on our ability to transfer cash out of the PRC and to U.S. 
 investors.                                                                                            |

| · | PRC laws and regulations governing our current business operations are sometimes vague and uncertain and 
 any changes in such laws and regulations may impair our ability to operate profitably.                   |

| · | There are uncertainties under the PRC laws relating to the procedures for U.S. regulators to investigate 
 and collect evidence from companies located in the PRC.                                                  |

| · | Fluctuations in exchange rates could have a material adverse effect on our results of operations and the 
 price of our Class A ordinary shares.                                                                    |

| · | If we are classified as a PRC resident enterprise for PRC income