Company: MASK
Filing Date: 2025-11-25
Form Type: F-1
Source: 0001185185-25-001852
Chunk: 122

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-11-25
Form: F-1
Chunk 122
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 Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our Hong Kong and PRC subsidiaries. We are a business company incorporated in the BVI. We rely principally on dividends from our Hong Kong and PRC subsidiaries for our cash requirements, including any payment of dividends to our shareholders. PRC regulations may restrict the ability of our PRC subsidiaries to pay dividends to us. See “Risk Factors — Risks Related to Doing Business in China — We may rely on dividends and other distributions on equity paid by our and Hong Kong and PRC subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our PRC subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business.” and “Taxation — Material PRC Income Tax Considerations” for information on the potential PRC tax consequences of any cash dividends. Cash dividends, if any, on our Class A Ordinary Shares will be paid in U.S. dollars. Under the applicable laws and regulations in relation to taxation in Hong Kong, no withholding tax is levied in Hong Kong in respect of dividends paid by HK 3e Network to its shareholder(s). See “Taxation — Hong Kong Profits Taxation.” 64 CAPITALIZATION The following table sets forth our capitalization as of June 30, 2025:

| ● | on                   
 an actual basis; and |

| ● | on                                                                                                                          
 an as adjusted basis to reflect the disposal of two subsidiaries in March 2025 as disclosed in the Company’s Form 6-K filed 
 on March 2025.                                                                                                              |

You should read this table together with our consolidated financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

|                                                                                                        |     | June     
 30, 2025 |           |   |     |             |           |   |
|:-------------------------------------------------------------------------------------------------------|:----|:---------|----------:|:--|:----|:------------|----------:|:--|
|                                                                                                        |     | Actual   |           |   |     | Pro         
 Forma       
 As          
 adjusted(1) |           |   |
|                                                                                                        |     | US$      |           |   |     | US$         |           |   |
| Shareholders’ equity:                                                                                  |     |          |           |   |     |             |           |   |
| Class A