Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 99

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 99
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 2009,
the SAT issued the Circular of the State Administration of Taxation on Issues Concerning the Identification of Chinese-Controlled Overseas
Registered Enterprises as Resident Enterprises in Accordance with the Actual Standards of Organizational Management, known as SAT Circular 82,
which was partially amended by Announcement on Issues concerning the Determination of Resident Enterprises Based on the Standards of Actual
Management Institutions issued by SAT on January 29, 2014, and further partially amended by Decision on Issuing the Lists of Invalid
and Abolished Tax Departmental Rules and Taxation Normative Documents issued by SAT on December 29, 2017. SAT Circular 82, as
amended, provides certain specific criteria for determining whether the “de facto management body” of a Chinese-controlled
offshore-incorporated enterprise is located in mainland China, which include all of the following conditions: (i) the location where
senior management members responsible for an enterprise’s daily operations discharge their duties; (ii) the location where
financial and human resource decisions are made or approved by organizations or persons; (iii) the location where the primary assets
and corporate documents are kept; and (iv) the location where more than half (inclusive) of all directors with voting rights or senior
management have their habitual residence. SAT Circular 82 further clarifies that the identification of the “de facto management
body” must follow the substance over form principle. In addition, SAT issued SAT Bulletin 45 on July 27, 2011, effective from
September 1, 2011 and partially amended April 17, 2015, June 28, 2016, and June 15, 2018, respectively, providing
more guidance on the implementation of SAT Circular 82. SAT Bulletin 45 clarifies matters including resident status determination, post-determination
administration and competent tax authorities. Although both SAT Circular 82 and SAT Bulletin 45 only apply to offshore enterprises
controlled by PRC enterprises or PRC enterprise groups, not those controlled by PRC individuals or foreign individuals, the determining
criteria set forth in SAT Circular 82 and SAT Bulletin 45 may reflect SAT’s general position on how the “de facto management
body” test should be applied in determining the tax resident status of offshore enterprises, regardless of whether they are controlled
by PRC enterprises or PRC enterprise groups or by PRC or foreign individuals.

If the PRC tax authorities determine that 3e Network
is a PRC resident