Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 47

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 47
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 to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we are exempt from provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information; |

| ● | we are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act; and                                                                        |

| ● | we are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share           
 ownership and trading activities and establishing insider liability for profits realized from any “short-swing” trading transaction. |

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Recent Development

On June 20, 2025, we announced the appointment of GGF CPA Ltd (“GGF”)
as our new independent registered public accounting firm to audit our financial statements, effective June 19, 2025. The appointment was
made after a careful and thorough evaluation process and has been recommended and approved by the audit committee of the our Board of
Directors, and subsequently approved by the our Board of Directors. GGF succeeds HTL International, LLC (“HTL”), our previous
independent registered public accounting firm. On June 19, 2025, HTL declined to stand for re-election as the independent registered public
accounting firm for us. The audit reports of HTL on the financial statements of us as of June 30, 2024 and 2023 and for the fiscal years
ended June 30, 2024 and 2023, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.

On June 16, 2025, our Board of Directors received the
resignation letter from Mr. Law Shu Sang Joseph, effective on June 16, 2025. Mr. Law Shu Sang Joseph’s resignation reflects a mutual
agreement with the Board of Directors to step down as Chairman of the Board and the Director of the Company, and the resignation is not
as a result of any disagreement with us relating to our operations, policies or practices.

On June 9, 2025, we entered into the
Securities Purchase Agreement with the Selling Shareholder, pursuant to which we agreed to sell and issue up to US$7.4 million in
face value of Convertible Notes and Warrants to the Selling Shareholder to purchase a certain