12-month advertising agreement and share consideration
NetClass signed a 12-month outdoor advertising services agreement with China Outdoor Media Development for LED-screen placements at Shanghai’s JinMao Tower.
Consideration is set at 320,000 Class A ordinary shares, to be issued by the end of July 2026.
The service term runs from July 21, 2026 to July 20, 2027, with the contract deemed effective Feb. 1, 2026 for services already provided.
Ads are scheduled for at least 10 days per month, with 15-second slots running at least 50 rotations per broadcast day.
Non-performance triggers make-good advertising or another agreed remedy; economic benefits are tied to substantial completion of the full term.
NTCL•
