Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 328

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 328
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ential tax rate for small and micro enterprises for the taxable profit less than RMB million.

The PRC tax authorities grant preferential tax treatment to High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of %, subject to a requirement that they re-apply for HNTE status every . Since NetClass China was approved as an HNTE beginning December 2019 and renewed in December 2022, NetClass China is entitled to a reduced income tax rate of % from 2019 to 2024. However, as the preferential tax rate for small and micro enterprises and the preferential tax rate for high-tech enterprises cannot be enjoyed simultaneously, NetClass China that meet both requirements chooses to enjoy the tax preferential treatment for small and micro enterprises for the six months ended March 31, 2025 and 2024.

| ​                             
 ​                             
 ​                             
 Current tax expense (benefit) 
 PRC                           
 Hong Kong                     
 Singapore                     
 Japan                         
 Total                         
 ​                             
 Deferred tax (benefit)        
 PRC                           
 Hong Kong                     
 Singapore                     
 Japan                         
 Total                         
 ​                             | ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​         
 2025      
 Unaudited 
 ​         
 ​         
 ​         
 ​         
 ​         
 ​         |        ​ 
        — 
        — 
 (25,546) 
        1 
 (25,545) 
        ​ 
      340 
 (65,648) 
    (350) 
  (8,124) 
 (73,782) 
        ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​         
 2024      
 Unaudited 
 ​         
 ​         
 ​         
 ​         
 ​         
 ​         |         ​ 
         — 
         — 
         — 
         — 
         — 
         ​ 
  (29,895) 
 (149,518) 
         — 
         — 
 (179,413) 
         ​ |
|:------------------------------|:--|:----------|---------:|:--|:----------|----------:|
| Total income tax benefit      | ​ | $         |  -99,327 | ​ | $         |  -179,413 |

F-51

Loss before provision for income