Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 26

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 26
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ends and distributions with other entities.

As of the date of this prospectus, there were
no cash flows including all dividends, transfer and distribution between 3e Network and Hong Kong subsidiary; and there has been no
dividend or distributions made between U.S. investors, other investors and any of the Company’s entities. For the summary
of the condensed consolidated schedule and the consolidated financial statements, see “Summary Consolidated Financial And
Operating Data” (which is a summary of the Consolidated Balance Sheets and a summary of the Consolidated Statements of Income
and Comprehensive Income); and “Risk Factor — Risks Related to Our Corporate
Structure — The transfer of funds or assets between us and our subsidiaries is subject to restriction.”.

Cash proceeds raised from overseas financing activities,
including the cash proceeds from this offering, may be transferred by 3e Network to the BVI 3e Holdings, and then transferred to HK 3e
Network, as capital contribution and/or shareholder loans subject to applicable regulatory approvals, as the case may be, respectively.
Any transfer of funds by us to our PRC subsidiaries, either as a shareholder loan or as an increase in registered capital, are subject
to approval by or registration or filing with relevant governmental authorities in China. Any foreign loans procured by our PRC subsidiaries
is required to be registered with the SAFE in its local branches and satisfy relevant requirements, and our PRC subsidiaries may not
procure loans which exceed the difference between its respective total project investment amount and registered capital or two 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 China, capital contributions to our PRC subsidiaries are
subject to the registration with SAMR in its local branches, report submission to MOFCOM in its local branches and registration with
a local bank authorized by the SAFE. Please see “Risk Factors — Risks Related to Doing Business in China — We must remit the offering proceeds to mainland China before they may be used to benefit our business in mainland China, the process of which may be time-consuming, and we cannot assure that we can finish all necessary governmental registration processes in a timely manner.”
We intend to keep any future earnings to re-invest in and finance the expansion of our business, and we do not anticipate that any cash
dividends will be paid in the foreseeable future.

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