Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 203

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 203
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Employment Agreements

See “Management — Agreements with Named Executive Officers”.

Equity Incentive Plan

See “Management—Equity Incentive Plan.”

<div align='center'>116

DESCRIPTION OF SHARES</div>

We were incorporated as a BVI business company under the laws of the BVI on October 6, 2021.

On January 3, 2024, the Company filed the Amended
and Restated Articles with the Registrar of Corporate Affairs of BVI to amend our authorized shares from 50,000 Ordinary Shares, par
value US$1 per share, to 500,000,000 shares with a par value of USD0.0001 each, comprising i) 400,000,000 shares of Class A Ordinary
Shares, par value USD0.0001 per share and ii) 100,000,000 shares of Class B Ordinary Shares, par value USD0.0001 per share. Simultaneously,
the Company effectuated a forward split of all issued and outstanding shares at a ratio of 1-for-10,000, and converted all existing issued
and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1-for-1. As a result, as of January 3, 2024,
there were 10,000,000 issued and outstanding Class A Ordinary Shares of the Company, and no Class B Ordinary Shares issued and outstanding.

On January 10, 2025, the Company closed its initial public offering of 1,250,000 Class A Ordinary Shares, par value US$0.0001 per share.

Class B Ordinary Shares may only be issued to employees of the Company or its subsidiaries or entities whose principal shareholder is an employee of the Company or its subsidiaries. Class B Ordinary Shares are subject to compulsory redemption and cancellation on termination of employment with the Company as more particularly set out in the memorandum of association.

On January 24, 2025, the Company adopted written resolutions and approved the issuance of 300,000 shares of Class B Ordinary Shares to Jianping Niu and 280,000 shares of Class B Ordinary Shares to Huabei Zhu, with a nominal value of 0.0001 per share, with such amounts to be paid in cash. Each