Company: NTCL
Filing Date: 2025-02-18
Form Type: 20-F
Source: 0001410578-25-000153
Chunk: 30

Company: NetClass Technology Inc
Filing Date: 2025-02-18
Form: 20-F
Item: Item 5
Chunk 30
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  Our business is substantially dependent upon our key research and development personnel who possess valuable skills in our industry, and we may have to compete for their services actively.  
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  If we fail to protect our intellectual property rights, it could harm our business and competitive position.  

  Our financial and operating performance may be adversely affected by epidemics, natural disasters, and other catastrophes.  
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  If we cannot continue to innovate or fail to adapt to changes in our industry, our business, financial condition, and results of operations would be materially and adversely affected.  

  We utilize artificial intelligence, which could expose us to liability or adversely affect our business.  

  We need to continue to expend time, money, and resources into our and our institutions’ information technology, which may place a strain on our capacity that could adversely affect our systems,...  
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  If we fail to promote and maintain our brand effectively and cost-efficient, our business and results of operations may be harmed.  
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  New lines of business or new products may subject us to additional risks.  
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  Government policy changes on blockchain may pose risks.  
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  We may evaluate and potentially consummate strategic investments or acquisitions from time to time, which could require significant management attention, disrupt our business, and adversely aff...  
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  We may be exposed to liabilities under the Foreign Corrupt Practices Act. Any determination that we violated the Foreign Corrupt Practices Act could have a material adverse effect on our business.  
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  We have identified material weaknesses in our internal control over financial reporting. If we fail to develop and