Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 91

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 91
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 respective total project investment amount and registered capital or 2 times (which may
be varied year by year due to the change of PRC’s national macroeconomic policy) of the net worth of our PRC subsidiaries. According
to the relevant PRC regulations on foreign-invested enterprises in mainland China, capital contributions to our PRC subsidiaries are subject
to the approval of or filing with SAMR in its local branches, the MOFCOM in its local branches and registration with a local bank authorized
by the SAFE.

To remit the proceeds of the offering, we must
take the steps legally required under the PRC laws, for example, we will open a special foreign exchange account for capital account transactions,
remit the offering proceeds into such special foreign exchange account and apply for settlement of the foreign exchange. The timing of
the process is difficult to estimate because the efficiencies of different SAFE branches can vary materially.

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In light of the various requirements imposed by
PRC regulations on loans to, and direct investment in, PRC entities by offshore holding companies, we cannot assure you that we will be
able to complete the necessary government registrations or obtain the necessary government approvals on a timely basis, if at all, with
respect to future loans by us to our PRC subsidiaries or with respect to future capital contributions by us to our PRC subsidiaries. If
we fail to complete such registrations or obtain such approvals, our ability to use the proceeds from this offering and to capitalize
or otherwise fund our PRC operations may be negatively affected, which could materially and adversely affect our liquidity, our ability
to fund and expand our business and our Class A Ordinary Shares.

U.S. regulatory agencies’
ability to conduct investigations or enforce rules in mainland China is limited.

All of our operations are conducted outside of
the U.S. As a result, it may not be possible for the U.S. regulatory agencies to conduct investigations or inspections, or to
effect service of process within the U.S. or elsewhere outside mainland China on us, our subsidiaries, officers, directors and shareholders,
and others, including with respect to matters arising under U.S. federal or state securities laws. Mainland China does not have treaties
providing for reciprocal recognition and enforcement of judgments of courts with the U.S. and many other countries. As a result,
recognition and enforcement in mainland China of these judgments in relation to any matter, including U.S. securities laws and the
laws of the B