Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 117

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 117
---
hibit four types of offenses, including secession, subversion, terrorist activities and collusion with a foreign country or with external
elements to endanger national security, as well as other offences relating to the endangering of national security, which has been considered
as having further significantly undermined the autonomy of Hong Kong. It is difficult for us to predict the degree of adverse impact of
the legislation of the SNSO on Hong Kong or our business in Hong Kong. However, in any event, since all of our operations are based in
Hong Kong, any change of the political arrangements between Hong Kong and the PRC may pose an adverse impact to the stability of the economy
in Hong Kong, thereby directly and adversely affecting our results of operations and financial positions. Additionally, intellectual property
rights and confidentiality protections in Hong Kong may not be as effective as in the United States or other countries. Accordingly, we
cannot predict the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to existing
laws or the interpretation or enforcement thereof, or the pre-emption of local regulations by national laws. These uncertainties could
limit the legal protections available to us, including our ability to enforce our agreements with our customers.

<div align='center'>58</div>

We may become subject to a variety of
PRC laws and other obligations regarding M&A Rules, the Trial Measures and data security, and any failure to comply with applicable
laws and obligations could have a material and adverse effect on our business, financial condition and results of operations.

The Regulations on Mergers and Acquisitions of Domestic Companies by
Foreign Investors (“M&A Rules”), adopted by six PRC regulatory agencies in 2006 and amended in 2009, require an overseas
special purpose vehicle formed for listing purposes through the acquisition of domestic companies in mainland China and controlled by
PRC companies or individuals to obtain approval from the China Securities Regulatory Commission (“CSRC”) prior to listing
on an overseas stock exchange. On December 24, 2021, the CSRC released the Administrative Regulations of the State Council Concerning
the Overseas Issuance of Securities and Listing by Domestic Enterprises (Draft for Comments) (“Draft Administrative Regulations”)
and the Measures for the Overseas Issuance of Securities and Listing Record-Filings by Domestic Enterprises (Draft for Comments) (“Draft
Filing Measures”), together referred to as the “Draft Rules on Overseas Listing”, for public comment. Additionally,
the Measures for Cybersecurity