Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 8

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 8
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. See “Risk
Factor — Risks Related to Doing Business in China — With the promulgation of the new filing-based administrative rules for overseas offering and listing by domestic companies in China, the PRC government may exert more oversight over overseas public offerings conducted by China-based issuers, which could significantly affect our ability to offer or continue to offer our Class A Ordinary Shares to investors and could cause the value of our Class A Ordinary Shares to significantly decline or become worthless.”

On December 28, 2021, the Measures for Cybersecurity
Review was promulgated by the Cyberspace Administration of China (the “CAC”) and became effective on February 15, 2022,
which provides that any “online platform operators” controlling personal information of more than one million users should
be subject to a cybersecurity review before seeking listing on a foreign stock exchange. We cannot assure you that we will not be deemed
as the “online platform operators” as mentioned above, even though we do not believe that we are directly subject to these
regulatory actions or statements, as our business does not rely on the collection of user data, implicate cybersecurity, or involve any
other type of restricted industry. There is no assurance as to how the Measures will be enforced by the relevant authorities, or what
existing or new laws or regulations or detailed implementation rules and interpretations will be modified or promulgated, if any, or
the potential impact such modified or new laws and regulations will have on our daily business operations or our ability to accept foreign
investments and be listed on a U.S. exchange. If the CAC or other regulatory agencies later promulgate new rules or explanations
requiring that we obtain their approvals for this offering and any follow-on offering, we may be unable to obtain such approvals which
could significantly affect our ability to offer or continue to offer securities to our investors on a U.S. or any other foreign
exchange. The CAC or other PRC regulatory agencies may also take actions requiring us, or making it advisable for us, to halt this offering
before the settlement and delivery of the Class A Ordinary Shares that we are offering. Consequently, if you engage in market trading
or other activities in anticipation of and prior to the settlement and delivery of the Class A Ordinary Shares we are offering, you would
be doing so at the risk that the settlement and delivery may not occur. Any uncertainties or negative publicity regarding such approval
requirements could have a material effect on our ability to complete this offering or