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

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 25
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, reputation and prospects, as well as the trading price of our Class A Ordinary Shares. The CSRC or
other PRC regulatory agencies may also take actions requiring us, or making it advisable for us, to halt this offering before the settlement
and delivery of the Class A Ordinary Shares that we are offering. Consequently, if you engage in market trading or other activities in
anticipation of and prior to the settlement and delivery of the Class A Ordinary Shares we are offering, you would be doing so at the
risk that the settlement and delivery may not occur. Any uncertainties or negative publicity regarding such approval requirements could
have a material adverse effect on our ability to complete this offering or any follow-on offering of our securities or the market for
and market price of our Class A Ordinary Shares. See “Risk Factor — Risks Related to Doing Business in China — With the promulgation of the new filing-based administrative rules for overseas offering and listing by domestic companies in China, the PRC government may exert more oversight over overseas public offerings conducted by China-based issuers, which could significantly affect our ability to offer or continue to offer our Class A Ordinary Shares to investors and could cause the value of our Class A Ordinary Shares to decline or become worthless.”

Dividend Distributions or Assets Transfer among the Holding Company and Its Hong Kong Subsidiary

We are a holding company with no material operations
of its own and does not generate any revenue. We currently conduct all of our operations through our Hong Kong subsidiary, HK 3e
Network. We are permitted under PRC laws and regulations to provide funding to operating entities only through loans or capital contributions.
Subject to satisfaction of applicable government registration and approval requirements, we may extend inter-company loans or make additional
capital contributions to our operating entities to fund their capital expenditures or working capital. We cannot assure you that we will
be able to obtain these government registrations or approvals on a timely basis, if at all. See “Risk Factors — Risks
Related to Doing Business in China — PRC regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from 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.”

Neither 3e Network or its Hong Kong subsidiary has cash management policies
dictating how funds are transferred, and each entity needs to comply with applicable laws or regulations with respect to transfer of funds,
divid