Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 22

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 22
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 which 60% equity interest is
held by the Company.

NetClassAsia
was incorporated on July 18, 2025, under the laws of the Republic of Singapore, of which 100% equity interest is held by the Company.

WFOE was incorporated on May 5, 2019, under
the laws of the People’s Republic of China. It is a wholly-owned subsidiary of NetClass HK and a wholly foreign-owned entity
under the PRC laws. It is not currently engaging in any active business and merely acting as a holding company.

NetClass incorporated Shanghai Netwide on
April 27, 2022 under the laws of the People’s Republic of China. Shanghai Netwide is a wholly owned subsidiary of WFOE and
is not currently engaging in any active business and merely acting as a holding company.

NetClass China was incorporated on May 13,
2003, under the laws of the People’s Republic of China. WOFE owns 21.46% equity interest and Shanghai Netwide owns 78.54% equity
interest of NetClass China. NetClass China mainly engages in information technology including digital IT product and service,
software development, platform development, Smart Campus, Mobile Learning Platforms development and big data cloud computing service.

NetClass Education, a wholly-owned subsidiary
of NetClass China, was incorporated on April 14, 2004 under the laws of the People’s Republic of China. NetClass Education
mainly engages in an online-training service, “Part-time Assistant” remote project for long-term development of personal credential
and future career.

NetClass HR, a wholly-owned subsidiary of
NetClass China, was incorporated on November 9, 2016 under the laws of the People’s Republic of China. NetClass HR
is not currently engaging in any active business.

NetClass Management a wholly-owned subsidiary
of NetClass China, was incorporated on August 29, 2016 under the laws of the People’s Republic of China. NetClass Management
is not currently engaging in any active business.

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NetClass Training, a wholly-owned subsidiary
of NetClass China, was incorporated on August 19, 2016 under the laws of the People’s Republic of China. NetClass Training
mainly engages in online-training and related technology and courseware service.

The following diagram illustrates ourcorporate structure:

Holding Company Structure

NetClass is a holding company incorporated
in the Cayman Islands. As a holding company with