Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 329

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 329
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 taxes is attributable to the following geographic locations for the six months ended March 31, 2025 and 2024:

| ​                                 | ​ 
 ​ | ​ |          ​ 
       2025 | ​ | ​ |          ​ 
       2024 |
|:----------------------------------|:--|:--|-----------:|:--|:--|-----------:|
| PRC                               | ​ | $ |   -971,211 | ​ | $ |   -432,079 |
| Hong Kong and other jurisdictions | ​ |   | -4,083,089 | ​ |   | -1,812,345 |
| Loss before income taxes          | ​ | $ | -5,054,300 | ​ | $ | -2,244,424 |

| ​                                                      | ​ 
 ​ | ​ |          ​ 
       2025 | ​ | ​ |        ​ 
     2024 |
|:-------------------------------------------------------|:--|:--|-----------:|:--|:--|---------:|
| Income tax (benenfit) at PRC statutory income tax rate | ​ | $ | -1,249,323 | ​ | $ | -561,106 |
| Impact of different tax rates in other jurisdictions   | ​ |   |    841,204 | ​ |   |  154,049 |
| Effect of preferential tax rate                        | ​ |   |    259,890 | ​ |   |  235,934 |
| Super deduction of qualified R&D expenditures *        | ​ |   |     -8,597 | ​ |   |   -8,581 |
| Effect of change in valuation allowance                | ​ |   |     50,437 | ​ |   |      196 |
| Non-deductible items and other **                      | ​ |   |      7,062 | ​ |   |       95 |
| Income tax benefit                                     | ​ | $ |    -99,327 | ​ | $ | -179,413 |

| ** | Non-deductible items and other represent excess expenses and losses not deductible for PRC tax purposes. |

| iii) | The following table summarizes deferred tax assets and liabilities resulting from differences between financial accounting basis and tax basis of assets and liabilities: |

| ​                                                     
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 Deferred tax assets:                                  | ​ 
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 ​ 
 ​ | ​         
 March 31, 
 2025