Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 135

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 135
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 of which is a judgment given pursuant to “choice of court agreements” made before January29, 2024 (which shall be governed by the Mainland Judgments (Reciprocal Enforcement) Ordinance (Cap. 597, the laws of Hong Kong)). Under the Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance (Cap. 645, the laws of Hong Kong), subject to certain exclusions, a Mainland judgment is registrable in Hong Kong if, inter alia, (i) the judgment was given on or after January29, 2024; (ii) the nature of proceedings in which the judgment was given is civil or commercial in nature under PRC law (or criminal in nature under PRC law and the judgment 67 contains an order for the payment of money in respect of compensation or damages by a party to the proceedings); (iii) the other party has defaulted in complying with the Mainland judgment’s requirement within two years prior to the application for registration; and (iv) the judgment is effective in the Mainland and is not subject to appeal. The registration of such a Mainland judgment in Hong Kong may however be set aside on various grounds, including but not limited to, that the judgment was obtained by fraud, the enforcement of the judgment is manifestly incompatible with public policy, or a requirement for registration has not been complied with. For a Mainland judgment in Hong Kong given pursuant to “choice of court agreements” made before January29, 2024, its registration in Hong Kong is subject to various requirements under the Mainland Judgments (Reciprocal Enforcement) Ordinance (Cap. 597, the laws of Hong Kong), including but not limited to, that the judgment is final and conclusive as between the parties to the judgment, the judgment is enforceable in mainland China, and the judgment orders the payment of a sum of money (not being a sum payable in respect of taxes or other charges of a like nature of in respect of a fine or other penalty). The registration of such a Mainland judgment in Hong Kong may however be set aside on various grounds, including but not limited to, that the judgment was obtained by fraud, or the enforcement of the judgment is contrary to public policy. 68

USE OF PROCEEDS We estimate that we will receive net proceeds from this offering, after deducting the estimated underwriting discounts and commissions and the estimated offering expenses payable by us and based upon the initial public offering price of US$4.