Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 103

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 103
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 the SEC. As
a foreign private issuer, we are exempt from the rules of the Exchange Act prescribing the furnishing and content of proxy statements
to shareholders under the federal proxy rules contained in Sections 14(a), (b) and (c) of the Exchange Act, and our
executive officers, directors and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained
in Section 16 of the Exchange Act.

You can request copies of these documents upon
payment of a duplicating fee, by writing to the SEC. The SEC also maintains a website that contains reports, proxy statements and
other information about issuers, such as us, who file electronically with the SEC. The address of that website is http://www.sec.gov.
The information on that website is not a part of this prospectus.

| 54 |

<div align='center'>PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 8. Indemnification of Directors and Officers

Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Oursecond amended and restated memorandum
and articles of association provide that every director (including any alternate director), secretary, assistant secretary, or other officer
for the time being and from time to time of our company (but not including our company’s auditors) and the personal representatives
of the same (each an “Indemnified Person”) shall be indemnified and secured harmless against all actions, proceedings, costs,
charges, expenses, losses, damages or liabilities incurred or sustained by such Indemnified Person, other than by reason of such Indemnified
Person’s own dishonesty, willful default or fraud, in or about the conduct of our company’s business or affairs (including
as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including
without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such Indemnified Person in
defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the
Cayman Islands or elsewhere.

Insofar as indemnification for liabilities