Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 22

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 22
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 its local branches and registration with
a local bank authorized by the SAFE. Based on our understanding of the Hong Kong laws and regulations, as of the date of this prospectus,
there is no restriction imposed by the Hong Kong government on the transfer of capital within, into and out of Hong Kong (including
funds from Hong Kong to mainland China, except transfer of funds involving money laundering and criminal activities). Notwithstanding
the foregoing, we cannot assure you that there will not be any changes in the future in the economic, political and legal environment
in Hong Kong and that the PRC government will not in the future exert influence over changes to laws and regulations of Hong Kong
to impose restrictions on the transfer of capital within, into and out of Hong Kong. In addition, based on our understanding of
the BVI laws and regulations, as of the date of this prospectus, there is no restriction on the transfer of capital within, into and
out of BVI.

Corporate History and Holding Company Structure

We are a holding company incorporated in the BVI on October 6, 2021 under the BVI Business Companies Act, Revised Edition 2020, as amended, supplemented or otherwise modified from time to time, which we refer to below as the BVI Act. Historically, our operations were conducted primarily through our PRC operating subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, which were incorporated in the PRC on May 26, 2017 and January 17, 2023, respectively. Our BVI subsidiary BVI 3e Holdings was incorporated on October 8, 2018 under the BVI Act, and our Hong Kong subsidiary, HK 3e Network, was incorporated in Hong Kong on August 30, 2020.

In March 2025, HK 3e Network entered into two equity
transfer agreements with HongKong Techfaith Limited (“Techfaith”) and sold to Techfaith (i) 60% of equity interest of Guangzhou
Sanyi Network for a total consideration of approximately RMB6,204,000 in cash; and (ii) 100% of equity interest of Guangzhou 3E Network
for a total consideration of approximately RMB1,390,000 in cash. These sales reflect our broader strategy to reallocate resources toward
expanding its overseas operations, particularly in Hong Kong and Southeast Asia. Following the completion of these transactions, our
operations were primarily carried on by our Hong Kong