Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 69

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 69
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| 7. | The rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the corporation, and the relative rights of priority, if any, of payment of shares of that series; and |

| 8. | Any other relative rights, preferences and limitations of that series. |

| 33 |

On March 23, 2022, the Company filed a Certificate
of Designation to our Articles of Incorporation with the Secretary of State of the State of Nevada to reflect the creation of Blank Check
Preferred Stock. As a result, as of the date of this prospectus the capital stock of the Company consists of 400,000,000 shares of common
stock, US$0.001 par value, and 100,000,000 shares of blank check preferred stock. 20,000,000 shares were designated to be Series A Preferred
Stock out of the 100,000,000 shares of blank check preferred stock.

The Company issued 5,000,000 shares of series
A preferred stock, par value $0.001 per share (“Series A Preferred Stock”) to Lin Li, the Company’s Chairman of the
Board, Chief Executive Officer, President, Secretary, and Treasurer, for a consideration of $5,000, effective June 22, 2024. On November
7, 2024, as approved by the board of directors of the Company and as agreed by Lin Li, the Company rescinded these 5,000,000 shares of
Series A Preferred Stock, effective as of June 22, 2024. As a result, the number of shares of Series A Preferred Stock owned by Lin Li
decreased from 10,000,000 to 5,000,000, representing all issued and outstanding shares of Series A Preferred Stock of the Company. Each
share of Series A Preferred Stock is entitled to ten votes on any matter on which action of the stockholders of the Company is sought.
As part of the cancellation, the Company returned the $5,000 previously paid by Lin Li.

Series A Preferred Stock

We have one designated class of preferred stock known
as Series A Preferred Stock. Each share of Series A Preferred Stock entitles the holder to ten votes, in person or proxy, on any matter
on which action of the stockholders of the corporation is sought. The Series A Preferred Stock will vote together with the common stock.
The holders of Series A Preferred Stock