Company: NCL
Filing Date: 2025-11-18
Form Type: 424B3
Source: 0001575872-25-000699
Chunk: 26

Company: Northann Corp.
Filing Date: 2025-11-18
Form: 424B3
Chunk 26
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 lease liability - non-current |                    |   |          1,183,547 |     |   |         1,466,512 |
| Total lease liabilities                 |                    | $ |          1,559,120 |     | $ |         1,822,266 |

Cash flow information related to operating leases consists of the following:

|                                                                                  |     |   |    For the nine 
          months 
 ended September 
        30, 2025 |     |   |    For the nine 
          months 
 Ended September 
        30, 2024 |
|:---------------------------------------------------------------------------------|:----|:--|----------------:|:----|:--|----------------:|
| Cash paid for amounts included in the measurement of operating lease liabilities |     | $ |         327,142 |     | $ |          59,617 |
| Right-of-use assets obtained in exchange for new lease obligations:              |     |   |               - |     |   |       1,876,838 |

The operating lease expenses for the nine months ended September 30,
2025 and 2024 were as follows:

|                         | Lease Cost |                                     | Classification |   | For the nine months ended September 30, 2025 |     |   | For the nine months ended September 30, 2024 |
|:------------------------|:-----------|:------------------------------------|:---------------|:--|---------------------------------------------:|:----|:--|---------------------------------------------:|
| Operating lease expense |            | General and administrative expenses |                | $ |                                      327,142 |     | $ |                                       59,617 |

| F-16 |

Maturities of operating lease liabilities as of September 30,
2025 were as follows:

| Maturity of Lease Liabilities                                        |     | Operating Leases |           |   |
|:---------------------------------------------------------------------|:----|:-----------------|----------:|:--|
| Within one year                                                      |     | $                |   111,713 |   |
| Within a period of more than one year but not more than two years    |     |                  |   439,278 |   |
| Within a period of more than two year but not more than three years  |     |                  |   428,376 |   |
| Within a period of more than three year but not more than four years |     |                  |   441,227 |   |
| Within a period of