Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 296

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 296
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 of July 1, 2024           |     | US$    |  402,202 |   |
| Loan borrowed from related party     |     |        |   50,859 |   |
| Repayment of loan to related party   |     |        | (370,541 | ) |
| Exchange rate translation difference |     |        |    3,047 |   |
| Balance as of December 31, 2024      |     | US$    |   85,567 |   |

15. Subsequent Events

On January 10, 2025, the Company
closed its initial public offering (the “IPO”) of 1,250,000 Class A ordinary shares, par value US$0.0001 per share (the “Shares”).
The Company completed the IPO pursuant to its registration statement on Form F-1 (File No. 333-276180, “Form F-1”), originally
filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 21, 2023 (as amended), and registration statement
on Form F-1MEF (File No. 333-284169, “Form F-1 MEF”) (Form F-1 and Form F-1MEF, together, the “Registration Statements”).
The registration statement on Form F-1 was declared effective by the SEC on December 20, 2024, and the registration statement on Form
F-1 MEF became effective upon filing on January 7, 2025. The Shares were priced at US$4.00 per share, and the offering was conducted on
a firm commitment basis. The total gross proceed and net proceed received by the Company is US$5,000,000 and US$4,301,959, respectively. An
option for a period of 45 days after the effective date of the Registration Statements was granted to the underwriters to purchase up
to 15% of the total number of the Class A ordinary shares to be offered in this IPO at the price of US$4.00 per share.

The Company has granted the
underwriters warrants to purchase Class A Ordinary Shares equal to five percent (5%) of the total number of Class A ordinary shares sold
in this IPO, exercisable upon the closing of the IPO, at a price of US$4.00 per share. The Shares were previously approved for listing on
the Nasdaq Capital