SINGAPORE and HONG KONG, Jan. 29, 2026 — NETCLASS TECHNOLOGY INC (Nasdaq: NTCL; the “Company” or “NetClass”), a prominent B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo, today disclosed that on January 27, 2026, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that based on the closing bid price of the Company’s Class A ordinary shares over the last 30 consecutive business days, the Company no longer satisfies the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), which requires a minimum bid price of $1 per share.
This notification does not immediately impact the listing or trading of the Company’s Class A ordinary shares on Nasdaq, and the shares will continue to trade without interruption under the symbol “NTCL”. Nasdaq has granted the Company a 180-calendar-day compliance period, ending on July 27, 2026, within which to restore compliance with Nasdaq’s continued listing requirement. In case the Company fails to regain compliance within this period, the Company may be eligible for additional time if it meets the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, excluding the bid price requirement, and can provide written notice of its intention to rectify the deficiency during the second compliance period, potentially through a reverse stock split. However, if it seems the Company will not be able to rectify the deficiency or is otherwise ineligible, Nasdaq will notify that the Company’s securities will be subject to delisting.
The Company is currently assessing options to regain compliance and intends to promptly restore compliance with Nasdaq’s continued listing requirement. Although the Company will make all reasonable efforts to comply with Rule 5550(a)(2), there is no guarantee that the Company will be able to regain compliance with that rule or meet other Nasdaq continued listing requirements.
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, Singapore, and Tokyo, offering innovative IT solutions to schools, training institutions, corporations, public agencies, and other organizations. Our services encompass SaaS subscription services and application software development, with solutions covering teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. Our goal is to deliver dependable, high-quality products that foster sustainable growth for our customers. For further information, please visit the Company’s website:
Forward-Looking Statements
All statements in this announcement other than historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes may influence its financial condition, operating results, business strategy, and financial needs. Investors can identify these forward-looking statements by terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements publicly to reflect subsequent events or circumstances or changes in its expectations, unless required by law. While the Company deems the expectations in these forward-looking statements to be reasonable, it cannot ensure that such expectations will materialize, and the Company warns investors that actual results may differ significantly from anticipated results. Investors are encouraged to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
NETCLASS TECHNOLOGY INC
Investor Relations
Email:
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email:
