Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 49

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 49
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 foreign private issuer. We would cease to be a foreign private issuer at such time as more than 50% of
our outstanding voting securities are held by US residents and any of the following three circumstances applies: (1) the majority
of our executive officers or directors are US citizens or residents, (2) more than 50% of our assets are located in the United States,
or (3) our business is administered principally in the United States.

Implications of Being an Emerging Growth Company

We qualify as an “emerging growth company”
as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified
reduced reporting and other burdens that are generally applicable to public companies. These provisions include, but are not limited to:

| · | the ability to include only two years of audited financial statements and only two years of               
 related management’s discussion and analysis of financial condition and results of operations disclosure; |

| · | an exemption from the auditor attestation requirement in assessing our internal control over financial 
 reporting under the Sarbanes-Oxley Act of 2002.                                                        |

| · | educed disclosure obligations regarding executive compensation in our periodic reports, proxy statements, 
 and registration statements; and                                                                          |

| · | a delay in adopting new or revised accounting standards that have different effective dates for public 
 and private companies until those standards apply to private companies.                                |

We have elected to take advantage of certain of
the reduced disclosure obligations in the registration statement of which this prospectus is a part and may elect to take advantage of
other reduced reporting requirements in future filings. As a result, the information that we provide to our stockholders may be different
than you might receive from other public reporting companies in which you hold equity interests.

We may take advantage of these provisions for
up to five years or such an earlier time that we are no longer an emerging growth company. We would cease to be an emerging growth
company if we have more than $1.235 billion in annual revenue, have more than $700 million in the market value of our Class A Ordinary
Shares held by non-affiliates, or issue more than $1 billion of non-convertible debt over a three-year period.

Corporate Information

Our principal executive office is located at Unit
11-03, ABI Plaza, 11 Keppel Road, Singapore, 089057. The telephone number of our principal executive offices is +