Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 12

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 12
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 | A UK-based award-winning specialist finance brokerage, Charles and Dean, subscribed to two products from our Transcend Marketplace 
 platform – Flex and Dock.                                                                                                          |

| 8 |

| § | We signed an expansion agreement with a major automaker and longstanding partner to support their operations in China, increasing 
 the total contract value to over $30 million – entering a new stage of growth.                                                    |

| § | The Company reported 19% revenue growth in the fiscal fourth quarter of 2024 and exceeded our full fiscal year 2024 revenue target. |

| § | We secured a contract to implement our Transcend Finance platform for an independent leasing Company based in the Netherlands for  
 their wholesale operations. This partnership is a strategic first for NetSol in the Netherlands and supports the Company’s broader 
 European growth strategy.                                                                                                          |

| § | Unifying all our product and service offerings, we unveiled our AI-powered Transcend Platform to provide customers with a unified           
 digital retail and asset finance solution. It caters to automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, 
 banks and other financial institutions. The Transcend Platform offers a robust set of products and solutions under one umbrella, showcasing 
 our commitment to harnessing the transformative potential of AI.                                                                            |

| § | A leading Chinese auto finance provider, which was an existing partner of ours since 2009, transitioned to our Transcend Finance platform 
 as part of a multi-million-dollar agreement. The transition for the Guangzhou-based customer included an end-to-end migration –           
 one of the largest volumes migrated by NetSol in China at over three million contracts.                                                   |

| § | The Company reported 3% total net revenue growth with a 26% increase in recurring revenue and net profitability in the fiscal first 
 quarter of 2025.                                                                                                                    |

| § | A leading Japanese equipment finance Company and longstanding customer went live with our Transcend Finance platform in Australia,        
 following a multi-million-dollar agreement signing in February 2023. The financial division of the Osaka-based customer, a leading global 
 agricultural and industrial equipment manufacturer, was already using our solutions for their operations in New Zealand.                  |

| § | Total net revenues for the second quarter of fiscal 2025 increased 2% to $15.5 million, compared with $15.2 million in the prior year 
 period, driven primarily by increases in subscription and support revenues and services revenues in the quarter.                      |

| §