Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 45

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 45
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 this prospectus. •We may need additional capital and may sell additional Class A Ordinary Shares or other equity securities or incur indebtedness, which could result in additional dilution to our shareholders or increase our debt service obligations. See page 62 of this prospectus. •We will incur increased costs as a result of being a public company. See page 62 of this prospectus. •Our lack of effective internal controls over financial reporting may affect our ability to accurately report our financial results or prevent fraud which may affect the market for and price of our Class A Ordinary Shares. See page 63 of this prospectus. Compliance with Foreign Investment All limited liability companies formed and operating in the PRC are governed by the Company Law of the People’s Republic of China (the “PRC Company Law”), which was amended and promulgated by the SCNPC on October 26, 2018 and came into effect on the same day. Foreign invested enterprises (“FIEs”) must also comply with the PRC Company Law, with exceptions as specified in the relevant foreign investment laws. Under our corporate structure as of the date of this prospectus, 100% of the equity interests of Guangzhou Sanyi Network and Guangzhou 3E Network are held by HK 3e Network, and 100% of the equity interests of HK 3e Network are held by BVI 3e Holdings. Therefore, each of our subsidiaries should be regarded as a foreign -investedenterprise and comply with both the PRC Company Law and other applicable foreign investment laws. Increase of Authorized Shares and Forward Stock Split and Conversion On January3, 2024, the Company filed the Amended and Restated Memorandum and Articles of Association (“Amended and Restated Articles”) with the Registrar of Corporate Affairs of BVI to increase our authorized shares from 50,000 ordinary shares, par value $1 per share, to 500,000,000 ordinary shares, par value $0.0001 per share, consisting of (i) 400,000,000 Class A Ordinary Shares, par value $0.0001 per share, and (ii) 100,000,000 Class B Ordinary Shares, par value $0.0001 per share. Simultaneously, the Company effectuated a forward split of all issued and outstanding shares at a ratio of 1 -for -10,000, and converted all existing issued and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1 -for