Company: NCL
Filing Date: 2025-09-26
Form Type: S-1
Source: 0001575872-25-000602
Chunk: 72

Company: Northann Corp.
Filing Date: 2025-09-26
Form: S-1
Chunk 72
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 the exchange
ratio will be the same for all of the Company’s outstanding Common Stock and Series A Preferred Stock. The Reverse Stock Split
will affect all of the Company’s stockholders uniformly and will not affect any stockholder’s percentage ownership
interests in the Company, except to the extent that the Reverse Stock Split results in any of the Company’s stockholders
owning a fractional share. Each stockholder receiving a fractional share will have such fractional share rounded up to a full
share. The Reverse Stock Split will have no impact on stockholders’ proportionate equity interests or voting rights in
the Company or the par value of the Company’s Common Stock and Series A Preferred Stock, which remains unchanged.

The Company plans to amend its Articles of Incorporation, as amended,
and Certificate of Designation of Series A Preferred Stock, as amended, to reflect the Reverse Stock Split. The number of authorized shares
will remain unchanged.

Listing of Common Stock

We listed our common stock on the NYSE American
under the symbol “NCL”.

Transfer Agent and Registrar

The transfer agent for our common stock is VStock
Transfer LLC. The address is 18 Lafayette Pl, Woodmere, NY 11598. The telephone number is (212) 828-8436.

| 34 |

<div align='center'>EXECUTIVE COMPENSATION</div>

Executive Compensation Table

The following summary
compensation table sets forth the compensation earned by our named executive officers during the last two fiscal years as employees of
the Company.

<div align='center'>Summary Compensation Table</div>

|                                                                                     |     | Fiscal |      |     | Salary |         |     | Bonus |   |     | Stock  
 Awards |   |     | All Other    
 Compensation |   |     | Total |         |
| Name and Principal Position                                                         |     | Year   |      |     | -US$   |         |     | -US$  |   |     | -US$   |   |     | -US$         |   |     | -US$  |         |
| Lin Li                                                                              |     |        | 2024 |     |        | 120,000 |     |       | - |     |        | - |     |              | - |     |       | 120,000 |
| Chairman of the Board, Chief Executive Officer, President, Secretary, and Treasurer |     |        | 2023 |     |        | 120,000 |     |