SHANGHAI and HONG KONG, Aug. 28, 2025 (GLOBE NEWSWIRE) -- NETCLASS Technology INC (Nasdaq: NTCL; the “Company” or “NetClass”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that the Company will relocate its corporate headquarters to Singapore as cornerstone for its global expansion, effective September 1, 2025. In addition, the Company announced that it has signed a non-binding Letter of Intent (“LOI”) to acquire 51% of the equ ...

Core Viewpoint - NETCLASS Technology INC has established a wholly owned subsidiary, NETCLASS INTERNATIONAL PTE. LTD., in Singapore to enhance its international business development in AI applications, particularly in Southeast Asia and other global markets [1][2][3]. Company Expansion - The new subsidiary will act as the primary base for overseas expansion and innovation in AI-driven solutions, focusing on language proficiency assessment and AI-assisted education [2][3]. - Singapore's strategic position as a technology hub, along with its strengths in talent development and advanced research capabilities, is seen as ideal for accelerating the company's global growth [2][3]. Leadership Perspective - Dr. Jianbiao Dai, Chairman and CEO of NetClass, emphasized that establishing a local presence in Singapore will enhance collaboration with regional partners, attract top talent, and deliver innovative solutions to meet the evolving needs of educators and learners worldwide [3]. Vision and Commitment - The establishment of the Singapore subsidiary aligns with the company's broader vision of transforming traditional education through intelligent technologies, enhancing global R&D capabilities, and deepening its presence in Southeast Asia [3]. - The company remains committed to driving educational digitalization and providing scalable, impactful AI solutions to institutions and enterprises globally [3]. Company Overview - NETCLASS TECHNOLOGY INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services and application software development for various educational and organizational needs [4]. - The company's mission is to deliver reliable, high-quality products that promote sustainable growth for its customers [4].

Core Insights - NETCLASS Technology INC has entered a strategic partnership with East China Normal University to develop smart education solutions in computational linguistics, marking a significant milestone in university-industry collaboration [1][4] - The partnership aims to integrate technology with language education, focusing on cultivating interdisciplinary talent and transforming academic research into practical applications [2][4] Company Overview - NETCLASS Technology INC is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo, offering services such as SaaS subscription and application software development [6] - The company's mission is to deliver reliable, high-quality products that drive sustainable growth for its customers [6] Partnership Details - The collaboration will provide high-quality internship opportunities in areas like language assessment and adaptive learning systems, giving students hands-on experience [3] - A new course titled "AI + Language Teaching System Development" will be launched, featuring corporate mentors to bridge the gap between theory and practice [3] - A "Joint Research and Development Center for Language and Educational Technology" will be established to support student innovation projects and the application of scientific research [3] Expected Outcomes - The partnership is expected to cultivate high-quality professional talent for the industry and promote innovative development in smart education products and assessment systems [4] - NETCLASS aims to expand its business scope and strengthen its core competitiveness through this collaboration [4]