Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 38

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 38
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 using the        
 proceeds of this offering to make loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely 
 affect our liquidity and our ability to fund and expand our business.                                                                     |

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| ● | Governmental control of currency conversion may limit our ability to use our revenues effectively and the ability of our PRC subsidiaries to obtain financing. |

| ● | We may be classified as a “resident enterprise” for PRC enterprise income tax purposes; such classification could result in unfavorable tax consequences to us and our non-PRC shareholders. |

| ● | The M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China. |

| ● | Failure to make adequate contributions to various mandatory social security plans as required by PRC regulations may subject us to penalties. |

| ● | Enforcement of stricter labor laws and regulations may increase our labor costs as a result. |

| ● | Non-compliance with labor-related laws and regulations of the PRC and increases in labor costs in the PRC may have an adverse impact on our financial conditions and results of operation. |

| ● | If the chops of our PRC subsidiaries are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised. |

| ● | Certain legal requirements shall be met for effecting service of legal process, enforcing foreign judgments or bringing original actions in mainland China against us or our management named in the prospectus based on Hong Kong or other foreign laws, and the ability of U.S. authorities to bring actions in mainland China may also be limited. |
| ● | Our Class A Ordinary Shares may be delisted under the HFCA Act if the PCAOB                                                                                                                                                                                                                                                                           
 is unable to inspect our auditors for two consecutive years. The delisting of our Class A Ordinary Shares, or the threat of their being                                                                                                                                                                                                               
 delisted, may materially and adversely affect the value of your investment.                                                                                                                                                                                                                                                                           |

Risks Related to Doing Business in Hong Kong

| ● | Hong Kong’s legal system is evolving and has inherent uncertainties that could limit the legal protection available to you. |

| ● | We may become subject to a variety of PRC laws and other obligations regarding M&A Rules, the Trial Measures and data security,              
 and any failure to comply with applicable laws and obligations could have a