Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 140

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 140
---
 price per Class A Ordinary Share and our net tangible book value per Class A Ordinary Share after this offering. Dilution results from the fact that the initial public offering price per Class A Ordinary Share is substantially in excess of the net tangible book value per Class A Ordinary Share attributable to the existing shareholders for our presently outstanding Class A Ordinary Shares. After taking into account of retrospective effect of the share split on January3, 2024, our as -adjustednet tangible book value as of June30, 2024 was $1,215,543, or $0.12 per Class A Ordinary Share. Net tangible book value represents the amount of our total consolidated tangible assets, which excluded the deferred IPO cots, less the amount of our total consolidated liabilities. Dilution is determined by subtracting the as adjusted net tangible book value per Class A Ordinary Share from the initial public offering price per Class A Ordinary Share and after deducting the estimated commissions to the underwriters and the estimated offering expenses payable by us. After giving further effect to our sale of 1,250,000 Class A Ordinary Shares in this offering at the public offering price of US$4.00 per Class A Ordinary Share, and after deducting estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of June30, 2024 is $5,366,048, or $0.48 per Class A Ordinary Share. This represents an immediate increase in as adjusted net tangible book value per Class A Ordinary Share of $0.36 to our existing stockholders and an immediate dilution in as adjusted net tangible book value per Class A Ordinary Share of $3.52 to new investors purchasing Class A Ordinary Shares in this offering. The following table illustrates the dilution on a per Class A Ordinary Share basis as of June30, 2024.

| Initial public offering price per Class A Ordinary Share                                                                                                               |     | $ |  4.00 |   |
| Net tangible book value per Class A Ordinary Share as of June 30, 2024                                                                                                 |     | $ |  0.12 |   |
| Increase in pro forma as adjusted net tangible book value per Class A Ordinary Share attributable to new investors purchasing Class A Ordinary Shares in this offering |     | $ |  0.36 |   |
| Pro forma as adjusted net tangible book value per Class A Ordinary Share after this offering                                                                           |     | $ |  0.48 |   |
| Dilution per Class A Ordinary Share to