Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 297

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 297
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 Market and commenced trading under the ticker symbol “MASK.”

On March 21, 2025, the Hong
Kong subsidiary of the Company, 3e Network Technology Company Limited (“HK 3e Network”), entered into two equity transfer
agreements (“Equity Transfer Agreements”) with HongKong Techfaith Limited (“Techfaith”), under which HK 3e Network
has agreed to sell, and Techfaith has agreed to acquire (“Share Transfer”): (i) 60% of equity interest of Guangzhou Sanyi
Network for a total consideration of approximately RMB6,204,000 in cash; and (ii) 100% of equity interest of Guangzhou 3E Network for
a total consideration of approximately RMB1,390,000 in cash. The Equity Transfer Agreements contain certain customary representations
and warranties and closing conditions. As of the date of this report, the transaction is not yet closed.

The Company has evaluated subsequent
events through the date of issuance of these interim consolidated financial statements, which was through April 16, 2025, and noted
that there are no other material subsequent events.

<div align='center'>F-48

PART II
INFORMATION NOT REQUIRED IN PROSPECTUS</div>

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

Our Amended and Restated Articles empowers us to indemnify our directors and officers against certain liabilities they incur by reason of their being a director or officer of our company.

We have also entered into indemnification agreements with each of our directors and executive officers in connection with our initial public offering. Under these agreements, we have agreed to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being a director or officer of our company.

We intend to obtain directors’ and officer’s liability insurance coverage that will cover certain liabilities of directors and officers of our company arising out of claims based on acts or omissions in their capacities as directors or officers.

ITEM 7. RECENT SALES OF UNREGISTERED SECURITIES.

During the past three years, we have issued and sold the securities described below without registering the securities under the Securities Act. None of these transactions involved any underwriters’ underwriting discounts or commissions, or any public offering.

On October 6, 2021, the Company issued the following number of shares:

| Name                           |     | Number   
 of       
 Ordinary 
 Shares   |