Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 182

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 182
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interest payments, trade and service-related foreign exchange transactions, but not for capital account items, such as direct investments,
loans, repatriation of investments and investments in securities outside the PRC, unless SAFE’s prior approval is obtained and prior
registration with SAFE is made. In May 2013 SAFE promulgated the Circular of SAFE on Printing and Distributing the Administrative
Provision on Foreign Exchange in Domestic Direct Investment by Foreign Investors and Relevant Supporting Documents which provides
for and simplifies the operational steps and regulations on foreign exchange matters related to direct investment by foreign investors,
including foreign exchange registration, account opening and use, receipt and payment of funds, and settlement and sales of foreign exchange.

Pursuant to the Circular on Relevant Issues
concerning Foreign Exchange Administration of Overseas Investment and Financing and Return Investments Conducted by Domestic Residents
through Overseas Special Purpose Vehicles or SAFE Circular 37, promulgated by SAFE and which became effective on July 4,
2014, (a) a PRC resident shall register with the local SAFE branch before he or she contributes assets or equity interests in an
overseas special purpose vehicle, or Overseas Special Purpose Vehicles (SPV), that is directly established or controlled by the PRC Resident
for the purpose of conducting investment or financing; and (b) following the initial registration, the PRC Resident is also required
to register with the local SAFE branch for any major change, in respect of the Overseas SPV, including, among other things, a change of
the Overseas SPV’s PRC Resident shareholder(s), name of the Overseas SPV, term of operation, or any increase or reduction of the
Overseas SPV’s registered capital, share transfer or swap, and merger or division. Pursuant to SAFE Circular 37, failure to
comply with these registration procedures may result in penalties.

Pursuant to the Circular of SAFE on Further Simplifying
and Improving the Direct Investment-related Foreign Exchange Administration Policies, or SAFE Notice 13, which was promulgated on
February 13, 2015 and with effect from June 1, 2015, the foreign exchange registration under domestic direct investment and
the foreign exchange registration under overseas direct investment is directly reviewed and handled by banks in accordance with the SAFE
Notice 13, and the SAFE and its branches shall perform indirect regulation over the foreign exchange registration via banks.

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Regulations Relating to Dividend