Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 227

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 227
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 whether the related party transaction would impair the independence of an outside director; |

| ● | whether the related party transaction would present an improper conflict of interest for any director or executive officer of the Company, taking into account the size of the transaction, the overall financial position of the director, executive officer or the related party, the direct or indirect nature of the director’s, executive officer’s or the related party’s interest in the transaction and the ongoing nature of any proposed relationship, and any other factors the audit committee deems relevant; and |

| ● | any pre-existing contractual obligations. |

119

Set forth below are the related party transactions of our company that occurred during the past three years up to the date of this prospectus. 1) Nature of relationships with related parties

| Name of Related Party                             |   | Relationship to the Company                                                                    |
| Jianbiao Dai                                      | ​ | Chief Executive Officer (“CEO”); Chairman of the Company                                       |
| Shanghai Youfu Network Co., Ltd.                  | ​ | Shareholder of the Company                                                                     |
| Shanghai Longruan Electronics Group Co., Ltd      | ​ | Jianbiao Dai serves as legal representative and holds 80% of the shares;                       |
| Shanghai Yiyun Information Service Co., Ltd       | ​ | Jianbiao Dai served as a supervisor and hold 60% of the shares                                 |
| Shanghai Chuangbo Enterprise Development Co., Ltd | ​ | A director of the Company serving as a corporate supervisory role                              |
| Shanghai Longruan Business Consulting Co., Ltd    | ​ | Jianbiao Dai serves as legal representative and holds 80% of the shares directly or indirectly |
| Lang Wide Investment Inc.                         | ​ | A shareholder of the Company                                                                   |

2) Significant Related party transactions Purchases from related parties

| ​                               
 ​                               
 ​                               | ​ 
 ​ | ​                        
 For the six months ended 
 March 31, 2025           | ​ |
|:--------------------------------|:--|:-------------------------|:--|
| Shanghai Youfu Network Co., Ltd | ​ | $                        | — |
| Total                           | ​ | $                        | — |

| ​                               | ​ |                   ​ | ​ | ​ |    ​ | ​ | ​ |    ​ |       ​ |
| ​                               |   | For the years ended |   |   |      |   |   |      |         |
| ​                               | ​ |       September 30, |   |   |      |   |