Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 135

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 135
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 of our Company. 83 SELLING SHAREHOLDER The Class A Ordinary Shares being offered by the Selling Shareholder are those issued or issuable to the Selling Shareholder upon conversion of the Convertible Note. For additional information regarding the issuances of those shares of Class A Ordinary Shares and the Convertible Note, see “The Private Placement” above. We are registering the Class A Ordinary Shares in order to permit the Class A Ordinary Shares to offer the shares for resale from time to time. Except that the Selling Shareholder purchased the convertible notes, warrants and pre-delivery shares from us pursuant to the securities purchase agreements entered into between us and the Selling Shareholder, the Selling Shareholder not had any material relationship with us within the past three years. The table below lists the Selling Shareholder and other information regarding the beneficial ownership of the Class A Ordinary Shares by the Selling Shareholder. The second column lists the number of Class A Ordinary Shares beneficially owned by the Selling Shareholder, based on its ownership of the Class A Ordinary Shares, as of the date of this prospectus, giving effect to beneficial ownership limitations. The third column lists the Class A Ordinary Shares being offered by this prospectus by the Selling Shareholder. In accordance with the terms of the Registration Rights Agreement with the Selling Shareholder, this prospectus generally covers the resale of the sum of (the maximum number of Class A Ordinary Shares issuable upon conversion of the Convertible Note, determined based on the Floor Price set forth therein, was fully converted, without regard to any limitations on the conversion thereof. The fourth column assumes the sale of all of the shares offered by the Selling Shareholder pursuant to this prospectus. Under the terms of the Convertible Note and the Securities Purchase Agreement, the Selling Shareholder may not convert the Convertible Note to the extent (but only to the extent) it or any of its affiliates would beneficially own a number of Class A Ordinary Shares which would exceed 9.99% of the total Class A Ordinary Shares issued and outstanding as of the date of conversion. The number of shares in the second column reflects these limitations. The Selling Shareholder may sell all, some or none of its shares in this offering. See “Plan of Distribution”.

| Name of Selling Shareholder                 |     | Number of 
 Class A   
 Ordinary  
 Shares    
 Owned     
 Prior to  
 Offering  |           |     | Percentage of 
 Class A       
 Ordinary      
 Shares        
 Beneficially  
 Owned         
 Prior to      
 Offering      |      |   |     |