Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 218

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 218
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 upon the price. If the company and a shareholder fail to agree on the price within the 30 days, then the company and the
shareholder shall, within 20 days immediately following the expiration of the 30-day period, each designate an appraiser and these
two appraisers shall designate a third appraiser. These three appraisers shall fix the fair value of the shares as of the close of business
on the day prior to the shareholders’ approval of the transaction without taking into account any change in value as a result
of the transaction.

Shareholders’ Suits

There are both statutory and common law remedies
available to our shareholders as a matter of BVI law. These are summarized below.

Prejudiced members

A shareholder who considers that the affairs of
the company have been, are being, or are likely to be, conducted in a manner that is, or any act or acts of the company have been, or
are, likely to be oppressive, unfairly discriminatory or unfairly prejudicial to him in that capacity, can apply to the court under Section 184I
of the BVI Act, inter alia, for an order that his shares be acquired, that he be provided compensation, that the Court regulate the future
conduct of the company, or that any decision of the company which contravenes the BVI Act or our Amended and Restated Articles be set
aside.

Derivative actions

Section 184C of the BVI Act provides that
a shareholder of a company may, with the leave of the Court, bring an action in the name of the company in certain circumstances to redress
any wrong done to it. Such actions are known as derivative actions. The BVI Court may only grant permission to bring a derivative action
where the following circumstances apply:

| ● | the company does not intend to bring, diligently continue or defend or discontinue proceedings; and |

| ● | it is in the interests of the company that the conduct of the proceedings not be left to the directors or to the determination of 
 the shareholders as a whole.                                                                                                      |

When considering whether to grant leave, the BVI
Court is also required to have regard to the following matters:

| ● | whether the shareholder is acting in good faith; |

| ● | whether a derivative action is in the company’s best interests, taking into account the directors’ views on commercial 
 matters;                                                                                                               |

| ● | whether the action is likely to proceed; |

| ● |