Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 26

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 26
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 Class A Ordinary Shares to decline or become worthless.” on page 39 of this prospectus. Dividend Distributions or Assets Transfer among the Holding Company and Its Subsidiaries We are a holding company with no material operations of its own and does not generate any revenue. We currently conduct all of our operations through our Hong Kong and PRC subsidiaries. We are permitted under PRC laws and regulations to provide funding to operating entities only through loans or capital contributions. Subject to satisfaction of applicable government registration and approval requirements, we may extend inter -companyloans or make additional capital contributions to our operating entities to fund their capital expenditures or working capital. We cannot assure you that we will be able to obtain these government registrations or approvals on a timely basis, if at all. See “Risk Factors — Risks Related to Doing Business in China — PRC regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from using the proceeds of this offering to make loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand our business.” on page 47 of this prospectus. Neither 3e Network or its subsidiaries has cash management policies dictating how funds are transferred, and each entity needs to comply with applicable laws or regulations with respect to transfer of funds, dividends and distributions with other entities. As of the date of this prospectus, there were no cash flows including all dividends, transfer and distribution between 3e Network and its subsidiaries; and there has been no dividend or distributions made between U.S. investors, other investors and any of the Company’s entities. For the summary of the condensed consolidated schedule and the consolidated financial statements, see page F -1of this prospectus for “Summary Consolidated Financial And Operating Data” (which is a summary of page F -3of the Consolidated Balance Sheets and a summary of page F -4of the Consolidated Statements of Income and Comprehensive Income); and “Risk Factor — Risks Related to Our Corporate Structure — The transfer of funds or assets between us and our subsidiaries is subject to restriction.” on page 52 of this prospectus. Cash proceeds raised from overseas financing activities, including the cash proceeds from this offering, may be transferred by 3e Network to the BVI 3e Holdings, and then transferred to HK 3e Network, and then transferred to Guangzhou Sanyi Network and Guangzhou 3E Network, as capital contribution and/or shareholder loans subject to