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

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 3
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 of US$0.00025 each (the “Class A Ordinary Shares”)
offered by us will be available for our immediate use, despite uncertainty about whether we would be able to use such funds to effectively
implement our business plan. See “Risk Factors” on page 22 for more information.

Our issued and outstanding share capital is a dual class structure consisting of Class A Ordinary Shares and Class Bordinary
shares of a par value of US$0.00025 each (the “Class B Ordinary Shares”). Holders of Class A Ordinary Shares and
Class B Ordinary Shares shall at all times vote together as one class on all matters submitted to a vote by the shareholders at any
general meeting of the Company. Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters
subject to vote at general meetings of our company and each Class B Ordinary Share shall entitle the holder thereof to fifty (50)
votes on all matters subject to vote at general meetings of our company. Also, each Class B Ordinary Share is convertible into one
(1) Class A Ordinary Share at any time at the option of the holder thereof but in no event shall Class A Ordinary Shares
be convertible into Class B Ordinary Shares.

Our Class A Ordinary Shares are listed
on the Nasdaq Capital Market under the symbol “NTCL”. On December 26, 2025, the last reported sale price of
our Class A Ordinary Shares on the Nasdaq Capital Market was $0.55 per share, and on December 29, we had 19,992,031
Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares issued and outstanding. The applicable prospectus supplement
will contain information, where applicable, as to other listings, if any, on the Nasdaq Capital Market or other securities exchange
of the securities covered by the prospectus supplement. We may experience price volatility in our stock. See related risk factors in
the “Risk Factors” section of this prospectus and as set forth in our most recent annual report on Form 20-F for
the year ended September 30, 2024 filed on February 18, 2025 (the “2024 Annual Report”).

Investors in our Class A Ordinary Shares should be aware that they will not and may never directly hold equity interests in any of the PRC, Hong Kong and Singapore operating entities, but rather purchasing equity solely in NetClass, our Cayman Islands holding company.

Unless otherwise stated,