Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 8

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 8
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 agencies may also take actions requiring us, or making it advisable for us, to halt this offering before
the settlement and delivery of the Class A Ordinary Shares that we are offering. Consequently, if you engage in market trading or other
activities in anticipation of and prior to the settlement and delivery of the Class A Ordinary Shares we are offering, you would be doing
so at the risk that the settlement and delivery may not occur. Any uncertainties or negative publicity regarding such approval requirements
could have a material effect on our ability to complete this offering or any follow-on offering of our securities or the market for and
market price of our Class A Ordinary Shares. Please see “Risk Factor — Risks Related to Doing Business in China — Recent greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, could impact our business and our proposed offering.”

Our Class A Ordinary Shares may be prohibited to
trade on a national exchange or “over-the-counter” markets under the Holding Foreign Companies Accountable Act (the
“HFCA Act”) and the Accelerating Holding Foreign Companies Accountable Act (the “AHFCAA”) if the PCAOB is
unable to inspect our auditors for two consecutive years. Under the HFCA Act, which became law on December 18, 2020, if
the public companies that have retained a registered public accounting firm to issue an audit report that (1) is located in a
foreign jurisdiction, and (2) the PCAOB has determined that it is unable to inspect or investigate completely because of a position
taken by an authority in the foreign jurisdiction for three consecutive years, will be prohibited from trading on a national
securities exchange or in the over-the-counter market by the SEC. Furthermore, on June 22, 2021, the U.S. Senate passed
the AHFCAA, which was signed into law on December 29, 2022, amending the HFCAA to require the SEC to prohibit an issuer’s
securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years
instead of three.. Pursuant to the HFCA Act, the PCAOB issued a Determination Report on December 16, 2021 (the
“Determination Report”) which found that the PCAOB is unable to inspect or investigate completely registered public
accounting firms headquartered in: (1) mainland China, and (2) Hong Kong. On August 26, 202