Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 42

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 42
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 us, or otherwise materially and adversely affect us. See page 46 of this prospectus. •PRC regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from using the proceeds of this offering to make loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand our business. See page 47 of this prospectus. •Governmental control of currency conversion may limit our ability to use our revenues effectively and the ability of our PRC subsidiaries to obtain financing. See page 48 of this prospectus. •We may be classified as a “resident enterprise” for PRC enterprise income tax purposes; such classification could result in unfavorable tax consequences to us and our non -PRCshareholders. See page 48 of this prospectus. •The M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China. See page 49 of this prospectus. •Failure to make adequate contributions to various mandatory social security plans as required by PRC regulations may subject us to penalties. See page 50 of this prospectus. •Enforcement of stricter labor laws and regulations may increase our labor costs as a result. See page 50 of this prospectus. •Non -compliancewith labor -relatedlaws and regulations of the PRC and increases in labor costs in the PRC may have an adverse impact on our financial conditions and results of operation. See page 50 of this prospectus. •If the chops of our PRC subsidiaries are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised. See page 51 of this prospectus. •Certain legal requirements shall be met for effecting service of legal process, enforcing foreign judgments or bringing original actions in mainland China against us or our management named in the prospectus based on Hong Kong or other foreign laws, and the ability of U.S. authorities to bring actions in mainland China may also be limited. See page 51 of this prospectus. 15 Risks Related to this Offering and Our Class A Ordinary Shares. See “Risk Factors — Risks Related to This Offering and Our Class A Ordinary Shares” on page 55 of the prospectus. In addition to the risks described above, we are subject to general risks and uncertainties relating to our Class