Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 44

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 44
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 Blockchain System

The EDC (Education Credit) blockchain system facilitates
record keeping that ensures secure, traceable, verifiable, and non-fungible exchange of data such as education credits, education coupons
and certificates among institutions in the education ecosystem.

The EDC system awards one EDC credit to the student
who completes one hour of the training course. Such EDC credits create records for awarding academic certificates upon completing certain
amount of training courses. The EDC credits and certificates earned by the student are not changeable and cannot be rewritten, which creates
a digital academic credential that is readily accessible and permanent that accompanies the student for a lifetime. The EDC system also
awards digital certificate of coupons and rewards in the form of tokens upon completion of one course. The EDC blockchain system has generated
no revenue since it was launched in 2018.

The EDC blockchain system has been operating stably
and safely since its launch in 2018. It has been recognized by the Shanghai Municipal Commission of Economy and Informatization. We have
completed demonstrations with Shanghai Opening University, Jing’an Professional Education Group, and Zhucai Beijing Technology Training
Co., Ltd. We have also established a strategic partnership with Shanghai Computer Software Technology Center to promote blockchain
applications in training institutions. The EDC system is currently one of the few successful practice cases in this field. NetClass China
is also one of the few companies that have filed with the Office of the Central Cyberspace Affairs Commission of China to certify educational
blockchain.

In many cases, our EDC blockchain services are
provided to our customers together with smart campus projects and online learning platform projects.

NetClass Online Examination System

The NetClass online examination system provides
online exam reservation, examinee’s identity verification, and real-time exam supervision. The system, powered by artificial intelligence
learning, recognizes and automatically records the examinee’s abnormal behaviors during the exam, such as lowering their heads,
leaving their seats, leaving the examination interface, opening additional documents, etc. The system will then stop the exam and
alert the exam administrators. The online examination system supports the NetClass mobile learning platform and other services involving
tests and evaluations and makes remote examinations practical and secure.

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Artificial Intelligence Assisted Online Education System

The application of artificial intelligence (AI)
technology is rapidly developing in 2023, which lead to a public common belief that AI technology is bringing about a new industrial revolution.
We believe AI technology especially the Large