Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 326

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 326
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 As of     
 March 31, 
 2025      
 ​         |       ​ 
       ​ 
       ​ | ​ 
 ​ 
 ​ 
 ​ | ​             
 September 30, 
 2024          
 audited       |       ​ 
       ​ |
|:---------------------------------------------|:--|:----------|--------:|:--|:--------------|--------:|
| Shanghai Longruan Electronics Group Co., Ltd | ​ | $         |  68,902 | ​ | $             |  71,249 |
| Jianbiao Dai                                 | ​ |           |   8,091 | ​ |               |  18,564 |
| Shanghai Youfu Network Co., Ltd              | ​ |           |  55,121 | ​ |               | 114,138 |
| Lang Wide Investment Inc.                    | ​ |           |  25,000 | ​ |               |  25,000 |
| Total                                        | ​ | $         | 157,114 | ​ | $             | 228,951 |

NOTE 9 — TAXES

| (a) | Corporate Income Taxes (“CIT”) |

Cayman Islands

The Company is incorporated in the Cayman Islands and is not subject to tax on income or capital gains under the laws of the Cayman Islands. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders.

Singapore

Under Singapore tax laws, the corporate income tax rate varies from year to year. For the six months ended March 31, 2025, the corporate income tax rate was %. Platinum Singapore applied the tax rate of % for its provision for current income and deferred taxes. Net operating loss will be carried forward indefinitely under Singapore profits tax regulation.

Japan

Under Japanese tax laws, the corporate income tax rate varies depending on the size of the tax payer. For the six months ended March 31, 2025, the applicable corporate income tax rate was %. Platinum Japan applied the tax rate of % for its provision for current income and deferred taxes. Net operating loss will be carried forward indefinitely under Japanese profits tax regulation.

Hong Kong

Under Hong Kong tax laws, with effect from April 1, 2018, a two-tiered profits tax rate regime applies. The profits tax rate for the first HKD million (approximately $) of corporate profits is %, while the standard profits tax rate of % remains for profits exceeding HKD million. For