Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 117

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 117
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 state secrets, or harm the state and public interests.

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, there is no assurance that we will be able to comply with all applicable PRC laws and regulations, or that the PRC government will not intervene in our operations or offerings. Any such developments could materially and adversely affect our business, financial condition, results of operations, and the value of our Class A Ordinary Shares.

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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.

You may experience dilution to the extent that our Class A Ordinary Shares are issued upon the conversion of our convertible notes and exercise of our outstanding warrants, and if we issue additional equity securities, or there are any issuances and subsequent exercises of stock options issued in the future. In addition, you may experience further dilution to the extent that additional Class A Ordinary Shares are issued upon the Securities Purchase Agreement and exercise of outstanding options we may grant from time to time.

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.

Sales of our Class A Ordinary Shares in the public market, or the perception
that these sales could occur, could cause the market price of our Class A Ordinary Shares to decline. As of the date of this prospectus,
we have 16,848,107 Class A Ordinary Shares issued and outstanding. Pursuant to the Securities Purchase Agreement and the L1 Letter Agreement
entered into between us and the Selling Shareholder, we agreed to sell and issue up to US$2.2 million in principal amount of Convertible
Notes and Warrants, and 1,248,611 Pre-Delivery Shares and pre-funded warrants to purchase an additional 213,389 Pre-Delivery Shares. In
addition, we entered into a securities purchase agreement with the Selling Shareholder on October 17, 2025, pursuant to which we agreed
to sell and issue convertible note in the principal amount of US$1.5 million convertible into our Class A ordinary Shares. As a result,
there may be substantial future sales or the perception of potential sales of our Class A Ordinary Shares by the Selling Shareholder in
the public