Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 215

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 215
---
 shareholders of the BVI
company or BVI companies which are to merge. While a director may vote on the plan of merger or consolidation, or any other matter, even
if he has a financial interest in the plan, the interested director must disclose the interest to all other directors of the company promptly
upon becoming aware of the fact that he is interested in a transaction entered into or to be entered into by the company. A transaction
entered into by our company in respect of which a director is interested (including a merger or consolidation) is voidable by us unless
the director’s interest was (a) disclosed to the board prior to the transaction or (b) the transaction is (i) between
the director and the company and (ii) the transaction is in the ordinary course of the company’s business and on usual terms
and conditions. Notwithstanding the above, a transaction entered into by the company is not voidable if the material facts of the interest
are known to the shareholders and they approve or ratify it or the company received fair value for the transaction. In any event, all
shareholders must be given a copy of the plan of merger or consolidation irrespective of whether they are entitled to vote at the meeting
to approve the plan of merger or consolidation. A foreign company which is able under the laws of its foreign jurisdiction to participate
in the merger or consolidation is required by the BVI Act to comply with the laws of that foreign jurisdiction in relation to the merger
or consolidation. The shareholders of the constituent companies are not required to receive shares of the surviving or consolidated company
but may receive debt obligations or other securities of the surviving or consolidated company, other assets, or a combination thereof.
Further, some or all of the shares of a class or series may be converted into a kind of asset while the other shares of the same class
or series may receive a different kind of asset. As such, not all the shares of a class or series must receive the same kind of consideration.
After the plan of merger or consolidation has been approved by the directors and authorized, if required, by a resolution of the shareholders,
articles of merger or consolidation are executed by each company and filed with the Registrar of Corporate Affairs in the BVI. The merger
is effective on the date that the articles of merger are registered with the Registrar or on such subsequent date, not exceeding thirty days,
as is stated in the articles of merger or consolidation.

As soon as a merger becomes effective: (a) the
surv