Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 2

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 2
---
 “Selling Shareholder”)
on June 9, 2025, (ii) 4,190,490 Class A Ordinary Shares issuable upon exercise of warrants (the “Warrants”), and (iii) 1,248,611
Class A Ordinary Shares (the “Pre-Delivery Shares”) and pre-funded warrants to purchase an additional 213,389 Pre-Delivery
Shares.

We are not selling any Class A Ordinary Shares
under this prospectus and will not receive any proceeds from the sale of Class A Ordinary Shares by the Selling Shareholder. We have received
proceeds from the sale of the Convertible Notes and will receive proceeds from cash exercise of the Warrants which, if exercised for cash
with respect to all of the 16,128,681 Class A Ordinary Shares, would result in gross proceeds of US$2,200,000 to us. The Selling Shareholder
will bear all commissions and discounts, if any, attributable to the sale of the Class A Ordinary Shares.

The Selling Shareholder may sell the Class A Ordinary
Shares offered by this prospectus from time to time on terms to be determined at the time of sale through ordinary brokerage transactions
or through any other means described in this prospectus under the caption “Plan of Distribution.” The Class A Ordinary Shares
may be sold at fixed prices, at market prices prevailing at the time of sale, at prices related to prevailing market price or at negotiated
prices.

Our Class A Ordinary Shares are listed on the Nasdaq
Capital Market (“Nasdaq”) under the symbol “MASK.” There is no established trading market for the Convertible
Notes and Warrants and we do not intend to list the Convertible Notes or Warrants on any exchange or other trading system.

We are a holding company incorporated in the British Virgin Islands
(“BVI”). As a holding company, historically, our operations are conducted by our indirect wholly-owned subsidiaries based
in the People’s Republic of China (“PRC” or “China”), Guangzhou 3e Network Technology Company Limited (the
“Guangzhou Sanyi Network”) and Guangzhou 3E Network Technology Company Limited (the “Guangzhou 3E Network”), which
we maintain 100% ownership via our wholly-owned subsidiary based in Hong Kong, 3e Network Technology Company Limited (the “HK
3e Network”). On March 21, 2025, HK 3e Network sold 60% equity interest in Guangzhou Sany