Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 100

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 100
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court in accordance with the provisions of an international treaty concluded or acceded to by the country and the People’s Republic
of China, or in accordance with the principle of reciprocity.

| 52 |

In the event that the people’s court is
of the opinion that the legally effective judgment or ruling made by the foreign court applying for or requesting recognition and enforcement
does not violate the basic principles of the laws of the People’s Republic of China or the sovereignty, security and public interests
of the country after the people’s court reviews the legally effective judgment or ruling made by the foreign court applying for
or requesting recognition and enforcement in accordance with the international treaties concluded or acceded to by the People’s
Republic of China or in accordance with the principle of reciprocity, the people’s court shall issue ruling that recognizes its
validity and, if enforcement is necessary, issues an enforcement order, which shall be implemented in accordance with the relevant laws.
Those judgments or rulings that violate the basic principles of the laws of the People’s Republic of China or the sovereignty,
security and public interests of the country will not be recognized and implemented.

If an award made by a foreign arbitration institution
requires recognition and enforcement by the people’s court of the People’s Republic of China, the party concerned shall directly
apply to the intermediate people’s court in the place where the person subjected to enforcement has his domicile or where his property
is located. The people’s court shall handle the matter in accordance with international treaties concluded or acceded to by the
People’s Republic of China or in accordance with the principle of reciprocity.

PRC courts may recognize and enforce foreign judgments
in accordance with the requirements of the PRC Civil Procedure Law based either on treaties between the PRC and the country where the
judgment is made or on reciprocity between different jurisdictions, and PRC courts will not recognize or enforce these foreign judgments
if PRC courts believe the foreign judgments violate the basic principles of PRC laws or national sovereignty, security or public interest
after review.

We have been advised by Harney Westwood &
Riegels that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal or state courts of
the United States (and the Cayman Islands are not a party to any treaties for the reciprocal enforcement or recognition of such judgments),
the Grand Court of the Cayman Islands will at common law enforce final and conclusive in personam judgments of state and/or federal
courts of the United States of America,