SHANGHAI and HONG KONG, Aug. 28, 2025 — NETCLASS Technology INC (Nasdaq: NTCL; the “Company” or “NetClass”), a prominent B2B smart education IT solutions provider with existing operations in Shanghai, Hong Kong, Singapore, and Tokyo, announced today its intention to relocate its corporate headquarters to Singapore. This move, effective September 1, 2025, is intended to serve as a foundation for its global expansion efforts. Furthermore, the Company disclosed the signing of a non-binding Letter of Intent (“LOI”) for the acquisition of a 51% equity stake in LBC International Company Limited (“LBC International”), a Vietnam-based company specializing in retail management solutions. These strategic actions highlight NetClass’s dedication to its worldwide growth strategy and its continued investment in rapidly expanding companies and advanced technologies.
The Company has formalized a new office lease agreement through its wholly-owned subsidiary, NetClass International Pte. Ltd. Commencing September 1, 2025, NetClass will operate its central headquarters from Singapore. This relocation is expected to enhance the Company’s access to key markets within the Asia-Pacific region, while also fostering stronger engagement with Singapore’s vibrant innovation ecosystem, capital resources, and highly skilled workforce.
In line with its ongoing international expansion plan, the Company has entered into an LOI to acquire Vietnam-based LBC International. This proposed transaction is anticipated to significantly accelerate NetClass’s market penetration in Vietnam and across the broader Southeast Asian market.
Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass, stated, “We view the relocation of our headquarters to Singapore as a crucial step in NetClass’s global trajectory, positioning us at the heart of Asia-Pacific markets. Singapore’s reputation as a premier innovation hub, its robust regulatory framework, and its accessibility to international talent and capital make it the ideal base for our next phase of development. This strategic move will enable us to better serve our clientele, penetrate new markets, and cultivate stronger relationships with our global partners and investors.” He added, “Additionally, we are enthusiastic about the proposed acquisition of LBC International. Their team contributes profound expertise and proven experience with Retail Pro POS, extends NetClass’s operational presence into a new country, and generates recurring revenue across diverse retail sectors, which will bring considerable value to our organization. We anticipate that the potential synergies between NetClass and LBC International will be a powerful catalyst for sustained long-term growth.”
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a premier B2B smart education specialist, operating with offices in Shanghai, Hong Kong, Singapore, and Tokyo. The Company delivers innovative IT solutions to educational institutions, training organizations, corporations, public agencies, and other entities. Its offerings encompass SaaS subscription services and application software development, with solutions covering teaching and campus administration, online learning, examination systems, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. NetClass’s mission is to provide dependable, high-quality products that stimulate sustainable growth for its clients. For additional details, please visit the Company’s website:
About LBC International Company Limited
LBC International Company Limited, incorporated in 2019 and situated in Ho Chi Minh City, Vietnam, is a provider of retail management solutions. LBC International is dedicated to assisting clients in achieving greater operational efficiency by optimizing their business processes through technology customized to their specific requirements. For further information, please visit LBC International’s website:
Forward-Looking Statements
All statements in this announcement, other than those pertaining to historical facts, constitute forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s present expectations and projections regarding future events that the Company believes may impact its financial condition, operational results, business strategy, and financial requirements. Investors can identify these forward-looking statements through phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company assumes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or changing circumstances, or modifications in its expectations, except as mandated by law. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will materialize as projected, and the Company advises investors that actual results could differ materially from anticipated outcomes. Investors are encouraged to review other factors that might affect its future results, detailed in the Company’s registration statement and other submissions 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:
