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

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 12
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 we provide to that customer. Therefore, obtaining new customers is important for us to achieve rapid revenue growth. 1 Data Center Operation Services In December 2025, the Company entered into a main services agreement (the “Main Service Agreement”) with Orka Technologies Oy (“Orka”), a third-party company incorporated in Finland. Pursuant to the Main Service Agreement, the Company and Orka have agreed to jointly develop an artificial intelligence data center project in Finland (the “Project”). The Project represents the Company’s planned expansion into the international data center development and hosting business. The Project has an initial term of three years and contemplates a phased capacity expansion plan. Certain Risks and Limitations Related to Doing Business in China and Hong Kong Because substantially all of our operations are in mainland China historically, and we expect to generate revenue from China in the future through our operating subsidiary based in Hong Kong, we are subject to the laws and regulations of the PRC and Hong Kong, which are significantly different from those of the United States, and we face risks arising from the legal system in China and Hong Kong, including risks and uncertainties regarding the enforcement of laws and that rules and regulations in China and Hong Kong. The laws and regulations of the PRC and Hong Kong and the enforcement of such laws and regulations can change quickly with little advance notice. There are significant liquidity risks related to our Class A Ordinary Shares and certain limitations on our ability to transfer cash between us or our Hong Kong subsidiary. In order for us to pay dividends to our shareholders, we may rely on the distribution of profits of the Hong Kong subsidiary to our BVI subsidiary. Corporate History and Holding Company Structure We are a BVI business company incorporated in the BVI on October 6, 2021 under the BVI Business Companies Act, Revised Edition 2020, as amended, supplemented or otherwise modified from time to time, which we refer to below as the BVI Act. Historically, our operations were conducted primarily through our PRC operating subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, which were incorporated in the PRC on May 26, 2017 and January 17, 2023, respectively. Our BVI subsidiary BVI 3e Holdings was incorporated on October 8, 2018 under the BVI Act, and our Hong Kong subsidiary, HK 3e Network, was incorporated in Hong Kong on August 30, 2020. In March 2025, HK 3e Network entered into two