Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 129

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 129
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 the Mainland and is not subject to appeal. The
registration of such a Mainland judgment in Hong Kong may however be set aside on various grounds, including but not limited to, that
the judgment was obtained by fraud, the enforcement of the judgment is manifestly incompatible with public policy, or a requirement for
registration has not been complied with. For a Mainland judgment in Hong Kong given pursuant to “choice of court agreements”
made before January 29, 2024, its registration in Hong Kong is subject to various requirements under the Mainland Judgments (Reciprocal
Enforcement) Ordinance (Chapter 597 of the laws of Hong Kong), including but not limited to, that the judgment is final and conclusive
as between the parties to the judgment, the judgment is enforceable in mainland China, and the judgment orders the payment of a sum of
money (not being a sum payable in respect of taxes or other charges of a like nature of in respect of a fine or other penalty). The registration
of such a Mainland judgment in Hong Kong may however be set aside on various grounds, including but not limited to, that the judgment
was obtained by fraud, or the enforcement of the judgment is contrary to public policy.

<div align='center'>66

USE OF PROCEEDS</div>

We will not receive any proceeds from the sale
of shares by the Selling Shareholder. As of the date hereof, we received US$1,500,000 from the Investor under the Securities Purchase
Agreement, inclusive of payment to the Pre-Delivery Shares. These proceeds will be used for general corporate and working capital or
other purposes that our Board of Directors deems to be in our best interest. As of the date of this prospectus, we cannot specify with
certainty the particular use for the net proceeds we may receive. Accordingly, we will retain broad discretion over the use of these
proceeds, if any.

<div align='center'>DIVIDEND
POLICY</div>

Subject to the BVI Act and our Amended and Restated
Articles, our board of directors may authorize and declare a dividend to shareholders at such time and of such an amount as they think
fit if they are satisfied, on reasonable grounds, that immediately following the dividend the value of our assets will exceed our liabilities
and we will be able to pay our debts as they become due. There is no further BVI statutory restriction on the amount of funds which
may be distributed by us