Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 162

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 162
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 32.9 | % | 43.4 | % |
| Customer B |   |         — |   | 10.4 | % |
| Customer C |   |      13.6 | % |    — | ​ |
| Customer D |   |      10.2 | % |    — | ​ |

Major customers that make up 10% or more of revenue for the years ended September 30, 2024, 2023 and 2022 are as follows:

| ​                                   | ​ |            ​ | ​ |    ​ | ​ |    ​ | ​ |
| ​                                   | ​ | September 30 |   |      |   |      |   |
| ​                                   |   |         2024 |   | 2023 |   | 2022 |   |
| Percentage of the Company’s revenue | ​ |            ​ | ​ |    ​ | ​ |    ​ | ​ |
| Customer A                          |   |         35.6 | % | 43.1 | % |    — | ​ |
| Customer B                          |   |            * |   | 10.6 | % |    * | ​ |
| Customer C                          |   |            * |   |    * |   | 14.1 | % |
| Customer D                          |   |            * |   |    * |   | 11.7 | % |
| Customer E                          |   |              |   |    * |   | 11.3 | % |

| * | The revenue of this customer is not over 10% of total revenue of the Company. |

Customer A mainly purchases computer storage and computing systems, including equipment as well as the system software and testing and debugging technical services. Pursuant to its purchase order with NetClass HK, NetClass HK shall deliver the products in Grade A within five days after payments by Customer A . NetClass HK provides a 30-day warranty on the products.

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Customer B primarily acquires a high-tech park intelligent management system construction and integration and certain SAAS platform services from NetClass China. Customer B shall inspect and test the products upon delivery and if products do not meet the standards agreed upon by both parties, NetClass China shall deliver the required products within five days. If such default cannot be cured by re-delivery, NetClass China shall pay liquidated damages in an amount equal to 5% of the purchase price under the agreement. NetClass China shall also