Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 109

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 109
---
 investigation
and has the unfettered ability to transfer information to the SEC. However, uncertainties still exist whether the framework will be fully
complied, which could cause the market price of our ordinary shares to be materially and adversely affected, and our securities could
be delisted and prohibited from being traded on the national securities exchange earlier than would be required by the HFCA Act. If our
securities are unable to be listed on another securities exchange by then, such a delisting would substantially impair your ability to
sell or purchase our Ordinary Shares when you wish to do so, and the risk and uncertainty associated with a potential delisting would
have a negative impact on the price of our Ordinary Shares. On December 15, 2022, the PCAOB issued a Determination Report (the “2021
Determination”) which determined that the PCAOB (1) is able to select engagements, audit areas, and potential violations to be reviewed
or investigated, (2) has timely access to, and the ability to retain and use, any document or information that the PCAOB considers relevant
to an inspection or investigation, and (3) is able to conduct inspections and investigations in a manner consistent with the provisions
of the Act and the rules of the PCAOB, as interpreted and applied by the PCAOB. Consequently, the PCAOB concluded that in the absence
of any evidence that authorities in the PRC currently are taking any positions to impair the PCAOB’s ability to execute its statutory
mandate with respect to inspections or investigations, the HFCA Act dictates that the PCAOB vacate the 2021 Determinations. As required
by the HFCA Act, if in the future the PCAOB determines it no longer can inspect or investigate completely because of a position taken
by an authority in the PRC, the PCAOB will act expeditiously to consider whether the PCAOB should issue a new determination.

You may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited, because we are incorporated under BVI law.

We are BVI business company limited by shares incorporated
under the laws of the BVI. Our corporate affairs are governed by our Amended and Restated Articles of association, as amended, the BVI
Business Companies Act (Revised Edition 2020) as amended, of the BVI, which we refer to as the BVI Act below, and the common law of the
BVI. The rights of shareholders