Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 213

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 213
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: an audit committee, a compensation committee and a nominating committee, and adopted a charter for each of the three committees. Copies of our committee charters has been posted on our corporate investor relations website.

Each committee’s members and functions are described below.

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Audit Committee.Our audit committee consists of Xianghong Zhou, Angel Colon and Xiao Fu. Angel Colon is the chair of our audit committee. The audit committee oversees our accounting and financial reporting processes and the audits of the financial statements of our company. The audit committee is responsible for, among other things:

| ● | appointing the independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by the independent auditors; |

| ● | reviewing with the independent auditors any audit problems or difficulties and management’s response; |

| ● | discussing the annual audited financial statements with management and the independent auditors; |

| ● | reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; |

| ● | reviewing and approving all proposed related party transactions; |

| ● | meeting separately and periodically with management and the independent auditors; and |

| ● | monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance. |

Compensation Committee.Our compensation committee consists of Xianghong Zhou, Angel Colon and Xiao Fu. Xiao Fu is the chair of our compensation committee. The compensation committee is responsible for, among other things:

| ● | reviewing and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers; |

| ● | reviewing and recommending to the shareholders for determination with respect to the compensation of our directors; |

| ● | reviewing periodically and approving any incentive compensation or equity plans, programs or similar arrangements; and |

| ● | selecting compensation consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s independence from management. |

Nominating Committee.Our nominating committee consists of Xianghong Zhou, Angel Colon and Xiao Fu. Xianghong Zhou is the chair of our nominating committee. The nominating committee assists the board of directors in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating committee is responsible for, among other things:

| ● | selecting and recommending to the board