Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 73

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 73
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 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 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. On January 24, 2025, the Company adopted written resolutions and approved the issuance of 300,000 Class B Ordinary Shares to Niu Jianping and 280,000 Class B Ordinary Shares to Zhu Huabei, with a par value of USD0.0001 per share, with such amounts to be paid in cash. Each of Niu Jianping and Zhu Huabei is an employee of the Company. Pursuant to the Company’s Amended and Restated Articles, holders of the Class B Ordinary Shares shall not receive the right to any dividend paid by the Company and shall not receive the right to any distribution of the surplus assets of the Company on its liquidation, and may not convert their Class B Ordinary Shares into shares of any other class. Each Class B Ordinary Share in the Company confers upon the shareholder the right to twenty votes at a meeting of the shareholders of the Company or on any resolution of shareholders. In March 2025, HK 3e Network entered into two equity transfer agreements with HongKong Techfaith Limited (“Techfaith”) and sold to Techfaith (i) 60% of equity interest of Guangzhou Sanyi Network for a total consideration of approximately RMB6,204,000 in cash; and (ii) 100% of equity interest of Guangzhou 3E Network for a total consideration of approximately RMB1,390,000 in cash. On December 25, 2025, HK 3e Network sold to Techfaith the remaining 40% of equity interest of Guangzhou Sanyi Network for a total consideration of approximately RMB5,300,000 in cash. These sales reflect our broader strategy to reallocate