Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 23

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 23
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 mainland China may also be limited.                                            |
| ● | Our Class A Ordinary Shares may be delisted under the HFCA Act if                                                                  
 the PCAOB is unable to inspect our auditors for two consecutive years. The delisting of our Class A Ordinary Shares, or the threat 
 of their being delisted, may materially and adversely affect the value of your investment.                                         |
| ● | 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.                                                                             |

| ● | Hong Kong’s legal system is evolving and has inherent uncertainties that could limit the legal protection available to 
 you.                                                                                                                   |

| ● | We may become subject to a variety of PRC laws and other obligations regarding M&A Rules, the Trial Measures and data security,    
 and any failure to comply with applicable laws and obligations could have a material and adverse effect on our business, financial 
 condition and results of operations.                                                                                               |

Risks Related to Our Class A Ordinary Shares

| ● | You may experience dilution to the extent that our Class A Ordinary Shares are issued upon the exercise of outstanding convertible 
 notes, warrants or other securities that we may issue in the future.                                                               |

| ● | Substantial future sales or perceived potential sales of our Class A Ordinary Shares in the public market could cause the price 
 of our Class A Ordinary Shares to decline.                                                                                      |

| ● | The Selling Shareholder may acquire their Class A Ordinary Shares at a price that is less than the market price of the Class        
 A Ordinary Shares in the future, may earn a positive rate of return even if the price of the Class A Ordinary Shares declines and   
 may be willing to sell their Class A Ordinary Shares at a price less than shareholders that acquired Class A Ordinary Shares in the 
 public market.                                                                                                                      |

| ● | The conversion of the Convertible Note or future sales of our Class A Ordinary Shares may further dilute our securities and adversely 
 impact the price of our Class A Ordinary Shares.                                                                                      |

| ● | Sales of shares issuable upon the conversion of the Convertible Note or the effectiveness of our registration statement may cause 
 the market price of our shares to decline.                                                                                        |

| ● | We may have to pay damages to the Selling Shareholder, which will impact our cash flows.                                         |
| ● | Our dual-class voting structure will limit your ability to influence corporate matters and could discourage others from pursuing 
 any change of control