Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 335

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 335
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issory note (“the Note”) in the principal amount of $ 2,200,000, at a purchase price of $ 2,000,000, convertible into Class A ordinary shares, par value $ 0.00025per share of the Company; and (b) 1,069,500Class A Ordinary Shares (the “Pre-Delivery Shares”), at a purchase price of $ 0.00025per share (together, the “Offering”). The Note has a conversion price equal to 88% of the lowest daily VWAP (the dollar volume-weighted average price for ordinary shares on the Nasdaq Capital Market) during the ten ( 10) consecutive trading days immediately preceding the conversion date or other date of determination, but not lower than US$ 0.7106per Class A Ordinary Share (the “Floor Price”). On August 4, 2025, the offering was closed.

<div align='center'>F-57</div>

#### ​NETCLASS TECHNOLOGY INC​Resale of up to 5,438,788 Class A Ordinary Shares by the Selling Shareholder(including up to 4,369,288 Class A Ordinary Shares issuable upon conversion of Convertible Note and1,069,500 Class A Ordinary Shares issued to the Selling Shareholder)​​
#### ​

PART II INFORMATION NOT REQUIRED IN PROSPECTUS ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS. Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Our amended and restated memorandum and articles of association provide that every director, alternate director or officer shall be indemnified out of our assets against any liability incurred by him as a result of any act or failure to act in carrying out his functions other than such liability (if any) that he may incur by his own actual fraud or wilful default. No such director, alternate director or officer shall be liable to us for any loss or damage in carrying out his functions unless that liability arises through the actual fraud or wilful default of such director or officer. Expenses, including legal fees, incurred by a director, alternate director or officer, or former director, alternate director or officer in defending any legal, administrative or investigative proceedings may be