Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 17

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 17
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 on the cover of this prospectus. Prospectus Conventions

| ● | “Basic Law” refers to the Basic Law of the Hong Kong Special Administrative Region of the People’s Republic of China; |

| ● | “China” or “PRC” refer to the People’s Republic of China, including Taiwan and the special administrative regions of Hong Kong and Macau, except that “China” or the “PRC” does not include Taiwan and the special administrative regions of Hong Kong and Macau is when specific laws and regulations adopted by the Mainland China are referenced; |

| ● | “Hong Kong” refers to the Hong Kong Special Administrative Region of the PRC; |

| ● | “Hong Kong Subsidiaries” refers to NetClass HK and NetClass International; |

| ● | “Mainland China” refers to the People’s Republic of China, excluding Taiwan and the special administrative regions of Hong Kong and Macau for the purposes of this prospectus only; |

| ● | “Netclass Japan” refers to the NovaSolutions Co. Ltd., a Japanese company, of which 51% equity interest is held by the Company; |

1

| ● | “we” or “us” or “our” refers to NETCLASS TECHNOLOGY INC and, in the context of describing the operations and consolidated financial information, to NETCLASS TECHNOLOGY INC and its subsidiaries collectively; and |

This prospectus contains translations of certain RMB amounts into US dollar amounts at specified rates solely for the convenience of the reader. All reference to “US dollars”, “USD”, “US$” or “$” are to United States dollars. All reference to “HK dollars”, “HKD”, or “HK$” are to Hong Kong dollars. All reference to “SG dollars”, “SGD”, or “SG$” are to Singapore dollars. The relevant exchange rates are listed below:

| ​                                                    | ​ |               ​ | ​ |               ​ |
| ​                                                    |   |       March 31, |   |       March 31, |
| ​                                                    | ​ |            2025 | ​ |            2024 |
| RMB Balance sheet items, except for equity accounts  |   | US$1=RMB 7.2567 |   | US$1=RMB 7.2203 |
| RMB Items in the statements of income and cash flows |   | US$1=RMB 7.2308 |   | US$1=RMB 7