Company: NTCL
Filing Date: 2025-02-18
Form Type: 20-F
Source: 0001410578-25-000153
Chunk: 31

Company: NetClass Technology Inc
Filing Date: 2025-02-18
Form: 20-F
Item: Item 5
Chunk 31
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 maintain an effective system of internal control over financial reporting, we ...  
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  You may have difficulty enforcing judgments obtained against us.  
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  Potential disruptions in the capital and credit markets may adversely affect our business, including the availability and cost of short-term funds for liquidity requirements, which could advers...  
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  We are subject to governmental regulations and other legal obligations related to privacy, information security, and data protection, and any security breaches, and our failure to comply with o...  

  A severe or prolonged downturn in the global or Chinese economy could materially and adversely affect our business and our financial condition.  

Risks Related to our Ordinary Shares

  We are a holding company, and will rely on dividends paid by our subsidiaries for our cash needs. Any limitation on the ability of our subsidiaries to make dividend payments to us, or any tax i...  

  The dual class share structure will concentrate a majority of voting power in our Chief Executive Officer, who beneficially owns 79.83% of the aggregate power of our total issued and outstandin...  

  We are an “emerging growth company,” and we cannot be certain if the reduced reporting requirements applicable to emerging growth companies will make our Class A ordinary shares less attractive...  

  We are a “foreign private issuer,” and our disclosure obligations differ from those of U. S. domestic reporting companies. As a result, we may not provide you the same information as U. S. dome...  
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  Because we are a foreign private issuer and are exempt from certain Nasdaq corporate governance standards applicable to U. S. issuers, you will have less protection than you would have if we we...  

  You may face difficulties in protecting your interests, and your ability to protect your rights through U. S. courts may be limited because we are incorporated under Cayman Islands law.  
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  Certain judgments obtained against us by our shareholders may not