Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 289

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 289
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 E                          |   |    ​ |   |    * | ​ | 11.3 | % |

| * | The revenue of this customer is not over 10% of total revenue of the Company. |

Major customers that make up 10% or more of accounts receivable as of September 30, 2024 and 2023 are as follows:

| ​                                               | ​ |    ​ | ​ |    ​ | ​ |
| ​                                               |   | 2024 |   | 2023 | ​ |
| Percentage of the Company’s accounts receivable | ​ |      | ​ |      |   |
| Customer A                                      |   | 36.9 | % |    * | ​ |
| Customer B                                      |   | 15.2 | % | 10.3 | % |
| Customer C                                      |   | 12.3 | % |    — | ​ |
| Customer D                                      |   |    — |   | 21.8 | % |
| Customer E                                      |   |    * |   | 27.0 | % |
| Customer F                                      |   |    * |   | 12.6 | % |

| * | The accounts receivable of this customer is not over 10% of total accounts receivable of the Company. |

F-18

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Concentrations of risks (continued)

| (c) | Significant suppliers |

Major suppliers that make up 10% or more of purchases for the years ended September 30, 2024, 2023 and 2022 are as follows:

| ​                                     | ​ |    ​ | ​ |    ​ | ​ |    ​ | ​ |
| ​                                     |   | 2024 |   | 2023 |   | 2022 | ​ |
| Percentage of the Company’s purchases | ​ |      | ​ |      | ​ |      |   |
| Supplier A                            |   | 28.6 | % |    — |   |    — | ​ |
| Supplier B                            |   | 19.1 | % | 47.8 | % |    — | ​ |
| Supplier C                            |   |    * |   | 12.4 | % |    * | ​ |
| Supplier D                            |   |    * |   | 11.8 | % | 14.5 | % |
|