Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 242

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 242
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 will be deemed to be sourced from Hong Kong and chargeable to profits
tax, subject to certain exemptions. In addition, payments of dividends from our Hong Kong subsidiary to its shareholder(s) are not subject
to any withholding tax in Hong Kong. See “Dividend Policy” for further details on our dividend policy.

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British Virgin Islands Taxation

The disclosure relating to tax consequences under BVI law is the opinion
of Travers Thorp Alberga, our counsel as to BVI law.

The Government of the BVI does not, under existing
legislation, impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding tax upon the Company
or its shareholders who are not tax resident in the BVI.

The Company and all distributions, interest and
other amounts paid by the Company to persons who are not tax resident in the BVI will not be subject to any income, withholding or capital
gains taxes in the BVI, with respect to the Class A Ordinary Shares in the Company owned by them and dividends received on such shares,
nor will they be subject to any estate or inheritance taxes in the BVI.

No estate, inheritance, succession or gift tax,
rate, duty, levy or other charge is payable by persons who are not tax resident in the BVI with respect to any shares, debt obligations
or other securities of the Company.

Except to the extent that we have any interest
in real property in the BVI, all instruments relating to transactions in respect of the shares, debt obligations or other securities of
the Company and all instruments relating to other transactions relating to the business of the Company are exempt from the payment of
stamp duty in the BVI.

There are currently no withholding taxes or
exchange control regulations in the BVI applicable to the Company or its shareholders.

There is no income tax treaty or convention currently
in effect between the United States and the British Virgin Islands. Save for the Convention on Mutual Administrative Assistance in Tax
Matters (“MAAC”), there is no income tax treaty or convention (including any double taxation agreements or arrangements) currently
in effect between Hong Kong and the British Virgin Islands.

British Virgin Islands Economic Substance Legislation

The BVI, together with several other non-European
Union jurisdictions, has introduced legislation aimed at addressing concerns raised by the Council of the European Union (the “EU”)
as to offshore structures engaged in certain activities which attract profits without real economic activity. With effect from