Company: NTCL
Filing Date: 2025-02-18
Form Type: 20-F
Source: 0001410578-25-000153
Chunk: 32

Company: NetClass Technology Inc
Filing Date: 2025-02-18
Form: 20-F
Item: Item 5
Chunk 32
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 be enforceable.  
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  Nasdaq may apply additional and more stringent criteria for our continued listing and insiders currently hold a large portion of our listed securities.  
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  If we cannot continue to satisfy the continued listing requirements and other rules of Nasdaq Capital Market, although we exempt from certain corporate governance standards applicable to US iss...  
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Table of Contents

  The market price of our Class A ordinary shares may be volatile or may decline regardless of our operating performance.  
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  Certain recent initial public offerings of companies with public floats comparable to the anticipated public float of the Company have experienced extreme volatility that was seemingly unrelate...  
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  We do not intend to pay dividends for the foreseeable future.  

  We incur additional costs as a result of becoming a public company, which could negatively impact our net income and liquidity.  

Risks Related to Doing Business in the PRC

The Chinese government exerts substantial influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to list on U. S exchanges, however, if our subsidiaries or the holding company were required to obtain approval or filing requirements in the future and were denied permission from Chinese authorities to list on U. S. exchanges, we will not be able to continue listing on U. S. exchange, which would materially affect the interest of the investors.

There are substantial uncertainties regarding the interpretation and application of PRC laws and regulations, including, but not limited to, the laws and regulations governing our business, or the enforcement and performance of our contractual arrangements with borrowers in the event of the imposition of statutory liens, death, bankruptcy or criminal proceedings. Our ability to operate in the PRC may be harmed by changes in its laws and regulations, including those relating to taxation, environmental regulations, land use rights, property and other matters. The central or local governments of these jurisdictions may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures and