Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 4

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 4
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 detailed discussion of legal uncertainties and jurisdictional limits in China under “Risk Factors — Risks
Related to Doing Business in China — We are subject to the laws and regulations of the PRC, which can change quickly with little advance notice and differ in material aspects from the laws of the United States.”

We face various legal and operational risks associated
with having substantially all of our operations in China. We face risks arising from the legal system in China, including risks and uncertainties
regarding the enforcement of laws and that rules and regulations in China can change quickly with little advance notice. The PRC government
has significant authority to exert influence on the ability of a China-based company, like us, to conduct its business, accept foreign
investments or list on a U.S. stock exchange. As discussed below and elsewhere, recently, the PRC government has indicated an intent
to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers. For
example, we face risks associated with regulatory approvals of offshore offerings, anti-monopoly regulatory actions, cybersecurity and
data privacy, as well as the lack of inspection from the Public Company Accounting Oversight Board (the “PCAOB”). The PRC
government may also intervene with or influence our operations as the government deems appropriate to further regulatory, political and
societal goals. Any such action with adverse effect, once taken by the PRC government, could result in a material change in our operations
or the value of our securities, significantly limit or completely hinder our ability to offer or continue to offer securities to investors,
or cause the value of our securities to significantly decline or become worthless. See more details under “Risk Factors —
Risks Related to Doing Business in China — Because substantially all of our operations are in China historically, and we expect to generate revenue in China through our wholly-owned subsidiary based in Hong Kong, we face risks arising from the legal system in China, including risks and uncertainties regarding the enforcement of laws and that rules and regulations in China can change quickly with little advance notice. The PRC government may exercise oversight and discretion over the conduct of our business or may intervene or influence our operations at any time, and our operations may be affected by evolving regulatory policies, all of which could result in a material change in our operations or the value of our securities, significantly limit or completely hinder our ability to offer or continue to offer securities to investors, or cause the value of our securities to significantly decline or become worthless.”,
“Risk