Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 115

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 115
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 The combined total possible profit to be realized as a result of any conversion discounts regarding the securities underlying the Convertible Note(1)                                                           | ​ | $ |   435,476 | ​ |
| ​                                                                                                                                                                                                               | ​ | ​ |         ​ | ​ |
| The combined total possible profit to be realized as a result of any conversion discounts regarding the securities underlying the Convertible Note as a percentage of net proceeds                              | ​ | ​ |     45.41 | % |

| (1) | As calculated in “Selling Shareholder - Potential Profits to Selling Shareholder” using the date of the Securities Purchase Agreement as the conversion date for all principal and maximum accrued interest (assuming no default) under the Convertible Note. The actual profit as a result of the conversion discount cannot be calculated until conversion, as the conversion price depends on market conditions at and before conversion, and it may be significantly greater. |

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### DIVIDEND POLICY
We have never declared or paid any cash dividends on our Class A Ordinary Shares. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future.

If we determine to pay dividends on any of our Class A Ordinary Shares in the future, as a holding company, we will depend on receipt of funds from NetClass Singapore and NetClass Asia, NetClass Japan, NetClass HK.

Under Cayman Islands law, a Cayman Islands company may pay a dividend on its shares out of either profit or share premium account, provided that in no circumstances may a dividend be paid if this would result in the company being unable to pay its debts as they fall due in the ordinary course of business immediately following the date on which the distribution or dividend is proposed to be paid.

Under the laws of Singapore, our subsidiaries, NetClass Singapore and NetClass Asia may pay dividends only out of sufficient distributable profits in the financial year in respect of which a dividend is paid. There are no restrictions or limitation under the laws of Singapore imposed on the conversion of Singapore dollar into foreign currencies and the remittance of currencies out of Singapore or across borders and to U.S investors.

Under the laws of Japan, our subsidiary, NetClass Japan may pay dividends by reference to the total amount of retained earning. There are no restrictions or limitation under the laws of Japan imposed on the conversion of Japanese Yen into foreign currencies and the remittance of currencies out of Japan or across borders and to U