Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 61

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 61
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 of its share capital by the amount of the shares so cancelled.

Subject to the Cayman Islands Companies Act and oursecond amended and restated memorandum and articles of association, our shareholders
may, by special resolution, reduce its share capital and any capital redemption reserve in any manner.

Calls on Shares and Forfeiture of Shares

Subject to the terms of allotment, the directors may, from time to time, make calls on the shareholders in respect of some or all of any moneys unpaid on their shares and each shareholder shall (subject to receiving at least fourteen calendar days’ notice specifying the time or times of payment) pay to the company at the time or times so specified the amount called on such shares.The joint holders of
a share shall be jointly and severally liable to pay calls in respect thereof. If a sum called in respect of a share is not paid before
or on the day appointed for payment thereof, the person from whom the sum is due shall pay interest upon the sum at the rate of eight
percent per annum from the day appointed for the payment thereof to the time of the actual payment, but the directors shall be at liberty
to waive payment of that interest wholly or in part. The shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption, Repurchase and Surrender of Shares

We may (a) issue shares that are to be redeemed or are liable to be redeemed at the option of the shareholder or theCompany.
the redemption of shares shall be effected in such manner and upon such terms as may be determined, before the issue of such shares, by
the board; (b) purchase our own shares (including any redeemable shares) on such terms and in such manner and terms as have been
approved by the board, or are otherwise authorised by our memorandum and articles of association; and (c) make a payment in respect
of the redemption or purchase of our own shares in any manner permitted by the Companies Act, including out of capital. Under the Cayman
Islands Companies Act, the redemption or repurchase of any share may be paid out of our company’s profits or out of the proceeds
of a new issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share premium account and
capital redemption reserve) if our company can, immediately following such payment, pay its debts as they fall due in the ordinary course
of business. In addition, under the Cayman Islands Companies Act no such share may be