Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 138

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 138
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 Plan See “Management—Equity Incentive Plan.” 85 DESCRIPTION OF SHARES We were incorporated as a BVI business company under the laws of the BVI on October 6, 2021. On January 3, 2024, the Company filed the Amended and Restated Articles with the Registrar of Corporate Affairs of BVI to amend the maximum number of shares that we are authorized to issue from 50,000 Ordinary Shares, par value US$1 per share, to 500,000,000 shares with a par value of USD0.0001 each, comprising i) 400,000,000 shares of Class A Ordinary Shares, par value USD0.0001 per share and ii) 100,000,000 shares of Class B Ordinary Shares, par value USD0.0001 per share. Simultaneously, the Company effectuated a share split of all issued and outstanding shares at a ratio of 1-for-10,000, and re-designated and re-classified all then issued and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1-for-1. As a result, as of January 3, 2024, there were 10,000,000 issued and outstanding Class A Ordinary Shares of the Company, and no Class B Ordinary Share was issued and outstanding. On January 10, 2025, the Company closed its initial public offering of 1,250,000 Class A Ordinary Shares, par value US$0.0001 per share. Each Class B Ordinary Share shall only be issued to the Company’s or its subsidiaries’ employees or those entities of which its principal shareholder is an employee of the Company or its subsidiaries. Shareholder’s termination of employment with the Company or its subsidiaries shall immediately result in the compulsory redemption and cancellation of any and all issued and outstanding shares of Class B Ordinary Shares held by such shareholder on the date of termination. On January 24, 2025, the Company adopted written resolutions and approved the issuance of 300,000 Class B Ordinary Shares to Jianping Niu and 280,000 Class B Ordinary Shares to Huabei Zhu, with a par value of USD0.0001 per share, with such amounts to be paid in cash. Each of Jianping Niu and Huabei Zhu is an employee of the Company. Pursuant to the Amended and Restated Articles, holders of the Class B Ordinary Shares shall not receive the right to any dividend paid by the Company and shall