Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 74

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 74
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 resources toward expanding its overseas operations, particularly in Hong Kong and Southeast Asia. Following the completion of these transactions, we have disposed of all of our subsidiaries in mainland China and no longer conduct any business in mainland China. On June 9, 2025, the Company entered into a securities purchase agreement with the Selling Shareholder, pursuant to which the Company issued 1,248,611 pre-delivery shares, and pre-funded warrants to purchase an additional 213,389 pre-delivery shares. On October 17, 2025, the Company entered into the securities purchase agreement with the Selling Shareholder, pursuant to which we agreed to sell and issue a convertible promissory note convertible into up to 44,694,292 of Class A Ordinary Shares. 39 Corporate Structure The following diagram illustrates our corporate structure as of the date of this prospectus:

| Name                                                       
 3e Network Technology Holdings Limited (“BVI 3e Holdings”) 
 3e Network Technology Company Limited (“HK 3e Network”)    |     | Background            
 ●        A            
 BVI company           
 ●        Incorporated 
 on October 8, 2018    
 ●        A            
 Hong Kong company     
 ●        Incorporated 
 on August 30, 2018    |     | Ownership                                                                                                     
 Currently 100% owned by 3 E Network Technology Group Limited, a BVI company controlled by Joseph Shu Sang Law 
 100% owned by BVI 3e Holdings                                                                                 |     | Principal                             
 activities                            
 Investment holding                    
 Investment holding; Sales & Marketing |
|:-----------------------------------------------------------|:----|:----------------------|:----|:--------------------------------------------------------------------------------------------------------------|:----|:--------------------------------------|
| Maskmeta Limited                                           
 (“Maskmeta”)                                               |     | ●        A            
 Hong Kong company     
 ●        Incorporated 
 on February 25, 2025  |     | 100% owned by BVI 3e Holdings                                                                                 |     | Investment holding; Sales & Marketing |

40 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS The information in this report contains forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our condensed consolidated financial statements included elsewhere in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. See “Disclosure Regarding Forward-Looking Statements” for a discussion of the uncertainties, risks, and assumptions associated with these statements. Actual results and the timing of