Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 131

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 131
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 make payments to us could have a material adverse effect on our ability to conduct our business.” and “Taxation — Material PRC Income Tax Considerations” for information on the potential PRC tax consequences of any cash dividends.

Cash dividends, if any, on our Class A Ordinary
Shares will be paid in U.S. dollars.

Under the applicable laws and regulations in relation
to taxation in Hong Kong, no withholding tax is levied in Hong Kong in respect of dividends paid by HK 3e Network to its shareholder(s).
See “Taxation — Hong Kong Profits Taxation.”

<div align='center'>67

CAPITALIZATION</div>

The following table sets forth our capitalization
as of December 31, 2024:

| ● | on an actual basis; and |

| ● | on an as adjusted basis to reflect the disposal of two subsidiaries in March 2025 as disclosed in the Company’s Form 6-K filed 
 on March 2025.                                                                                                                 |

You should read this table together with our consolidated
financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s
Discussion and Analysis of Financial Condition and Results of Operations.”

|                                                                                                                                            |     | December 31, 2024 |           |   |     |                          |           |
|:-------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------|----------:|:--|:----|:-------------------------|----------:|
|                                                                                                                                            |     | Actual            |           |   |     | Pro Forma As adjusted(1) |           |
|                                                                                                                                            |     | US$               |           |   |     | US$                      |           |
| Shareholders’ equity:                                                                                                                      |     |                   |           |   |     |                          |           |
| Class A Ordinary Shares, US$0.0001 par value, 400,000,000 authorized shares and 1,000 shares issued and outstanding as of June 30, 2024(1) |     |                   |     1,000 |   |     |                          |     1,000 |
| Class B Ordinary Shares, US$0.0001 par value, 100,000,000 authorized shares and nil shares issued and outstanding as of June 30, 2024(1)   |     |                   |         — |   |     |                          |         — |
| Shares subscription receivable                                                                                                             |     |                   |         — |   |     |