Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 99

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 99
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 body of securities laws as compared to the United States and provides 
 less protection to investors; and                                                                             |

| ● | Cayman Islands companies may not have standing to sue before the federal courts of the United States. |

Oursecond amended and restated memorandum and articles do not contain provisions requiring that disputes, including those arising
under the securities laws of the United States, between us, our officers, directors and shareholders, be arbitrated.

Substantially all of our assets are located outside
the United States. In addition, a majority of our directors and officers are nationals and/or residents of countries other than the United
States, and all or a substantial portion of such persons’ assets are located outside the United States. As a result, it may be difficult
for a shareholder to effect service of process within the United States upon these persons, or to enforce against them or against us,
judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the securities laws
of the United States or any state in the United States.

We have appointed Cogency Global Inc. as
our agent upon whom process may be served in any action brought against us in the United States District Court for the Southern District
of New York under the federal securities laws of the United States or of any State of the United States or any action brought against
us in the Supreme Court of the State of New York in the County of New York under the securities laws of the State of New York.

The
recognition and enforcement of foreign judgments are provided for under the Chinese Civil Procedure Law. Chinese courts may recognize
and enforce foreign judgments in accordance with the requirements of the Chinese Civil Procedure Law based either on treaties between
the PRC and the country where the judgment is made or in reciprocity between jurisdictions. The PRC does not have any treaties or other
agreements with the Cayman Islands or the United States that provide for the reciprocal recognition and enforcement of foreign judgments.
As a result, it is uncertain whether a Chinese court would enforce a judgment rendered by a court in either of these two jurisdictions.

According to the Civil Procedure Law of the People’s
Republic of China (amended in 2017), if a legally effective judgment or ruling made by a foreign court requires recognition and enforcement
by a people’s court of the People’s Republic of China, the party concerned may directly apply to an intermediate people’s
court with jurisdiction over for recognition and enforcement, or the foreign court may request recognition and enforcement by a people’s