Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 24

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 24
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 transactions that holders of our Class A Ordinary Shares may view as beneficial.                           |
| ● | As an “emerging growth company” under the Jumpstart Our Business Startups Act, or JOBS Act, we are permitted to,                 
 and intend to, rely on exemptions from certain disclosure requirements.                                                          |

8 Increase of Maximum Number of Shares Authorized to Issue and Forward Share Split and Re-Designation and Re-Classification On January 3, 2024, the Company filed the Amended and Restated Articles with the Registrar of Corporate Affairs of BVI to amend the maximum number of shares we are authorized to issue from 50,000 Ordinary Shares, par value US$1 per share, to 500,000,000 shares with a par value of USD 0.0001 each, comprising i) 400,000,000 shares of Class A Ordinary Shares, par value USD 0.0001 per share and ii) 100,000,000 shares of Class B Ordinary Shares, par value USD 0.0001 per share. Simultaneously, the Company effectuated a share split of all issued and outstanding shares at a ratio of 1-for-10,000, and re-designated and re-classified all then issued and outstanding ordinary shares into Class A Ordinary Shares of the Company at a ratio of 1-for-1. On February 17, 2023, the CSRC promulgated the Trial Administrative Measures and five supporting guidelines, which became effective on March 31, 2023. According to the Trial Administrative Measures, among other requirements, any domestic companies that seek to offer or list securities overseas, including those indirect overseas offering and listing which meet certain conditions, should fulfil the filing procedures with the CSRC within three business days after the submission of the overseas offering and listing application. We believe that we are required to complete filing procedures with the CSRC pursuant to the Trial Administrative Measures. Based on the fact that the operating entity was previously located in China ,we have submitted the initial filing documents to the CSRC on October 9, 2023, and the CSRC published the notification on our completion of the required filing procedures on January 8, 2024 for that offering. As the Trial Administrative Measures was newly published, the implementation and interpretation thereof is subject to change, if the filing procedure with the CSRC under the Trial Administrative Measures is required for any future offerings or any other capital raising activities, we cannot assure you that we will be able to complete such filings