Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 254

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 254
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| ● | banks; |

| ● | financial institutions; |

| ● | insurance companies; |

| ● | regulated investment companies; |

| ● | advertising investment trusts; |

| ● | broker-dealers; |

| ● | persons that elect to mark their securities to market; |

| ● | U.S. expatriates or former long-term residents of the U.S.; |

| ● | governments or agencies or instrumentalities thereof; |

| ● | tax-exempt entities; |

| ● | persons liable for alternative minimum tax; |

| ● | persons holding our Class A Ordinary Shares as part of a straddle, hedging, conversion or integrated transaction; |

| ● | persons that actually or constructively own 10% or more of our voting power or value (including by reason of owning our ordinary share); |

| ● | persons who acquired our Class A Ordinary Shares pursuant to the exercise of any employee share option or otherwise as compensation; |

| ● | persons holding our Class A Ordinary Shares through partnerships or other pass-through entities; |

| ● | beneficiaries of a Trust holding our Class A Ordinary Shares; or |

| ● | persons holding our Class A Ordinary Shares through a Trust. |

Material Tax Consequences Applicable to U.S. Holders of Our Class A Ordinary Shares

137

The following sets forth the material U.S. federal income tax consequences related to the ownership and disposition of our Class A Ordinary Shares. It is directed to U.S. Holders (as defined below) of our Class A Ordinary Shares and is based upon laws and relevant interpretations thereof in effect as of the date of this prospectus, all of which are subject to change. This description does not deal with all possible tax consequences relating to ownership and disposition of our Class A Ordinary Shares or U.S. tax laws, other than the U.S. federal income tax laws, such as the tax consequences under non-U.S. tax laws, state, local and other tax laws. The following brief description applies only to U.S. Holders (defined below) that hold Class A Ordinary Shares as capital assets and that have the U.S. dollar as their functional currency. This brief description is based on the federal income tax laws of the United States in effect as of the date of this prospectus and on U.S. Treasury regulations in effect or, in some cases, proposed, as of the date of this prospectus, as well as judicial and administrative interpretations thereof available on or before such date. All of the foregoing authorities are subject to