Company: MASK
Filing Date: 2025-11-25
Form Type: F-1
Source: 0001185185-25-001852
Chunk: 42

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-11-25
Form: F-1
Chunk 42
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 end of the fiscal year in which the fifth anniversary of our initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended (the “Securities Act”) occurred, if we have more than US$1.23 billion in annual revenue, have more than US$700 million in market value of our Ordinary Shares held by non-affiliates, or issue more than US$1 billion in principal amount of non-convertible debt over a three-year period. Implications of Being a Foreign Private Issuer We are incorporated in the BVI, and more than 50% of our issued and outstanding voting securities are not directly or indirectly held by residents of the United States. Therefore, we are a “foreign private issuer,” as defined in Rule 405 under the Securities Act and Rule 3b-4(I) under the Exchange Act. As a result, we are not subject to the same requirements as U.S. domestic issuers. Under the Exchange Act, we will be subject to reporting obligations that, to some extent, are more lenient and less frequent than those of U.S. domestic reporting companies. For example:

| ● | we                                                                                                                            
 are not required to provide as many Exchange Act reports or provide periodic and current reports as frequently, as a domestic 
 public company;                                                                                                               |

| ● | for                                                                                                                                  
 interim reporting, we are permitted to comply solely with our home country requirements, which are less rigorous than the rules that 
 apply to domestic public companies;                                                                                                  |

| ● | we                                                                                                          
 are not required to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we                                                                                                                                 
 are exempt from provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information; |

| ● | we                                                                                                                                  
 are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act; and                                                                     |

| ● | we                                                                                                                      
 are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share 
 ownership and trading activities and establishing insider liability for profits realized from any “short-swing” trading 
 transaction.                                                                                                            |

18 Recent Development On November 17, 2025, our board of directors received the resignation letter from Ms. Na Mi, who resigned as an independent director and the chair of the nominating and corporate governance committee, a