Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 333

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 333
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    |   -15 |
| ​                                   | ​ | ​    |     ​ |
| Total operating lease liabilities   | ​ | $    | 1,272 |

NOTE 12 — SHAREHOLDERS’ EQUITY Ordinary shares The Company was established by founding shareholders under the laws of the Cayman Islands on with ordinary shares authorized 50,000, $ 1.0par value, 10,000ordinary shares issuedand outstanding. On July 26, 2022, the Board of Directors and shareholders of the Company unanimously approved the amended and restated memorandum of association, after which, the Company’s authorized share capital is $ 50,000divided into 200,000,000shares comprising (i) 190,000,000Class A ordinary shares of par value $ 0.00025each and (ii) 10,000,000Class B ordinary shares of par value $ 0.00025each. Each Class A Ordinary Share shall entitle the holder thereof to one(1) vote on all matters subject to vote at general meetings of our company and each Class B ordinary share shall entitle the holder thereof to fifteen(15) votes on all matters subject to vote at general meetings of our company. Also, each Class B ordinary share is convertible into one(1) Class A ordinary share at any time at the option of the holder thereof but Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Save and except for voting rights and conversion rights, the Class A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions. As of March 31, 2025, 15,830,000Class A ordinary shares and 2,000,000Class B ordinary shares are issuedand outstanding. On September 20, 2023, the Company issued 760,000shares at $ 2.5per share to Dragonsoft Holding Limited, a company wholly owned by Mr. Jianbiao Dai. On December 16, 2024, the Company completed its IPO and issued 1,800,000Class A ordinary shares to public shareholders at $ 5per share. On January 3, 2025, the Company issued 270,000Class A ordinary shares at $ 5per share to the underwriter for its overallotment right. Statutory reserve and restricted net assets As stipulated by relevant PRC laws and regulations,