Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 220

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 220
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company or that the person had reasonable cause to believe that his conduct was unlawful.

This standard of conduct is generally the same
as permitted under the Delaware General Corporation Law for a Delaware corporation. Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing provisions, we have
been advised that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.

Anti-takeover provisions in our Amended
and Restated Articles

Some provisions of our Amended and Restated Articles may discourage,
delay or prevent a change in control of our company or management that shareholders may consider favorable. Under the BVI Act there are
no provisions, which specifically prevent the issuance of preferred shares or any such other ‘poison pill’ measures.
The Amended and Restated Articles of the company also do not contain any express prohibitions on the issuance of any preferred shares.
Therefore, the directors without the approval of the holders of Ordinary Shares may issue preferred shares that have characteristics that
may be deemed to be anti-takeover. Additionally, such a designation of shares may be used in connection with plans that are poison pill
plans. However, under BVI law, our directors in the exercise of their powers granted to them under our Amended and Restated Articles and
performance of their duties, are required to act honestly and in good faith in what the director believes to be in the best interests
of our company.

Directors’ fiduciary duties

Under Delaware corporate law, a director of a Delaware
corporation has a fiduciary duty to the corporation and its shareholders. This duty has two components: the duty of care and the duty
of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily prudent person would exercise
under similar circumstances. Under this duty, a director must inform himself of, and disclose to shareholders, all material information
reasonably available regarding a significant transaction.

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The duty of loyalty requires that a director act
in a manner he reasonably believes to be in the best interests of the corporation. He must not use his corporate position for personal
gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest of the corporation and its shareholders
take precedence over any interest possessed by a director, officer or controlling shareholder and not