Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 291

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 291
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 shall be entitled to one vote per share on all
matters subject to the vote at general meetings of our company, while holders of Class B Ordinary Shares shall be entitled to 20
votes per share. Simultaneously, the Company effectuated a forward split of all issued and outstanding ordinary shares at a

<div align='center'>F-44

3 E NETWORK TECHNOLOGY GROUP LIMITED
NOTES TO INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</div>

8. Ordinary Shares (cont.)

ratio of 1-for-10,000, and converted all existing
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 the
date hereof, there are 10,000,000 issued and outstanding Class A Ordinary Shares of the Company. Such share numbers are retrospectively
applied to all periods presented as if the 10,000,000 Class A Ordinary Shares and nil Class B Ordinary Shares existed from the
beginning of the first year presented.

9. Restricted Net Assets

The Group’s operations
are conducted through its PRC subsidiaries. The Group’s ability to pay dividends is primarily dependent on receiving distributions
of funds from its PRC subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by its PRC subsidiaries only
out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations, and after it has met
the PRC requirements for appropriation to statutory reserves. Paid in capital of the PRC subsidiaries included in the Group’s consolidated
net assets are also non-distributable for dividend purposes.

In accordance with the PRC
regulations on Enterprises with Foreign Investment, a WFOE established in the PRC is required to provide certain statutory reserves, namely
general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported
in the enterprise’s PRC statutory accounts. A WFOE is required to allocate at least 10% of its annual after-tax profit to the general
reserve until such reserve has reached 50% of its registered capital based on the enterprise’s PRC statutory accounts. Appropriations
to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors. The aforementioned
reserves can only be used for specific purposes and are not distributable as cash dividends. The Group’s WFOE is subject to the
above mandated