Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 132

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 132
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, motivate, retain and reward certain officers, employees, directors and other eligible persons and to further link the interests of award recipients with those of the Company’s shareholders generally. The following paragraphs summarize the key terms of the 2025 Plan. Types of Awards.The 2025 Plan permits awards in the form of options (including incentive share options (“ISOs”) and non-qualified share options (“NSOs”)), restricted shares, restricted share units (“RSUs”), and other types of awards approved by the Administrator in accordance with the plan. 81 Share Reserve.The number of shares of our Class A Ordinary Shares available for issuance under our 2025 Plan (the “Award Pool”) is 4,754,432, plus an annual increase on the first day of each fiscal year of the Company during the 2025 Plan’s initial three-year period, commencing with the fiscal year beginning on January 1, 2026, by

| (i) | an amount equal to 3.0%                                                                  
 of the total number of Class A Ordinary Shares issued and outstanding on the last day of 
 the immediately preceding fiscal year; or                                                |

| (ii) | such lesser number of                                                                               
 Class A Ordinary Shares as may be determined by our board of directors; provided that the           
 size of the Award Pool shall be equitably adjusted in the event of any share dividend, subdivision, 
 reclassification, recapitalization, split, reverse split, combination, consolidation or similar     
 transactions.                                                                                       |

To the extent an award terminates, expires or lapses, the shares again become available; shares delivered or withheld to pay an exercise price or satisfy tax withholding may again be granted; and shares forfeited or repurchased from restricted share awards may also return to the pool, in each case subject to plan limits and ISO rules, while shares issued in assumption or substitution of awards of an acquired entity do not count against the reserve. Administration.The 2025 Plan is administered by a committee of at least two members appointed by our board of directors (or, if no committee is appointed, the board) (the “Administrator”). Award Terms.Each option must have an exercise price at either a fixed amount or a variable amount tied to the fair market value of our Class A ordinary shares. Each options must have a term not exceeding ten years. Vesting, exercise methods and settlement of the Awards shall be determined by the Administrator. Eligibility.Equity awards authorized under the 2025 Plan may be granted to our employees, directors,