Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 29

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 29
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 reports or provide periodic and current reports as frequently, as a 
 domestic public company;                                                                                                |

| ● | for interim reporting, we are permitted to comply solely with our home country requirements, which are less rigorous than the 
 rules that apply to domestic public companies;                                                                                |

| ● | we are not required to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we are exempt from provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material 
 information;                                                                                                             |

| ● | we are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or 
 authorizations in respect of a security registered under the Exchange Act; and                                          |

| ● | we are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their  
 share ownership and trading activities and establishing insider liability for profits realized from any “short-swing” 
 trading transaction.                                                                                                  |

10 Recent Development On December 25, 2025, HK 3e Network entered into two equity transfer agreements with Hong Kong Techfaith Limited (“Techfaith”) and sold to Techfaith the remaining 40% of equity interest of Guangzhou Sanyi Network for a total consideration of approximately RMB5,300,000 in cash. Following the completion of this transaction, our operations are substantially carried on by our Hong Kong subsidiary, HK 3e Network. On December 18, 2025, we entered into the Securities Purchase Agreement with the Selling Shareholder, pursuant to which we agreed to sell and issue up to US$2.0 million in face value of Convertible Note to the Selling Shareholder to purchase a certain number of Class A Ordinary Shares. The initial closing for aggregate gross proceeds of $1,380,000 and a principal amount of $1,500,000 of Note occurred on the same date (the “Closing”). The Securities Purchase Agreement provides for a second closing of $500,000 in principal of Note for $460,000 in gross proceeds to occur upon effectiveness of the resale registration statement for the Shares underlying the Note, subject to certain additional terms and conditions. Boustead Securities, LLC acted as placement agent in connection with the offering. On November 17, 2025, our board of directors received the resignation letter from Ms. Na Mi, who resigned as an independent director and the chair of the nominating and corporate governance committee, a member of compensation and audit committee of the Company