Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 95

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 95
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 PRC residents and hold direct or indirect interests in us to make the necessary applications, filings and amendments as required under
SAFE Circular 37 and other related rules. However, we cannot guarantee that all or any of those shareholders will complete the registration
before the closing of this offering. In addition, we may not at all times be fully aware or informed of the identities of all our beneficial
owners who are PRC residents, and we may not always be able to compel our beneficial owners to comply with the SAFE Circular 37 requirements.
As a result, we cannot assure you that all of our shareholders or beneficial owners who are PRC residents will at all times comply with,
or in the future make or obtain any applicable registrations or approvals required by, SAFE Circular 37 or other related regulations.
Failure by any such shareholders or beneficial owners to comply with SAFE Circular 37 could subject us to fines or legal sanctions, restrict
our overseas or cross-border investment activities, limit our PRC subsidiaries’ ability to make distributions or pay dividends or
affect our ownership structure, which could adversely affect our business and prospects.

Furthermore, as the interpretation and implementation
of these foreign exchange regulations has been constantly evolving, it is unclear how these regulations, and any future regulation concerning
offshore or cross-border transactions, will be interpreted, amended and implemented by the relevant governmental authorities. For example,
we may be subject to a more stringent review and approval process with respect to our foreign exchange activities, such as remittance
of dividends and foreign-currency-denominated borrowings, which may adversely affect our financial conditions and results of operations.
In addition, if we decide to acquire a PRC domestic company, we cannot assure you that we or the owners of such company, as the case may
be, will be able to obtain the necessary approvals or complete the necessary filings and registrations required by the foreign exchange
regulations. This may restrict our ability to implement our acquisition strategy and could adversely affect our business and prospects.

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PRC regulation of loans and direct investment
by offshore holding companies to PRC entities may delay or prevent us from using the proceeds of this offering to make loans or additional
capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand
our business.

We are an offshore holding company conducting all
of our operations in mainland China through our subsidiaries established in mainland China and Hong Kong. We may make loans to our
PRC subsidiaries subject to