Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 120

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 120
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 and pre-funded warrants to purchase an additional 213,389 Pre-Delivery Shares
may be issued at a price per share equal to 93% of the average of daily VWAPs for the ten trading days immediately preceding such purchase
of the Pre-Delivery Shares; provided, pursuant to the L1 Letter Agreement entered into between us and the Selling Shareholder on October
14, 2025, that the Class A Ordinary Shares shall not be converted below a Floor Price equal to US$0.63, which represents 20% of the Minimum
Price (as defined by Nasdaq Rules) as of June 9, 2025, the date of execution of the Securities Purchase Agreement, and the exercise price
of the Warrants shall not be below such Floor Price. In the event the applicable conversion price or exercise price, as applicable, would
otherwise be below such Floor Price, the Company will issue shares at the Floor Price and pay the Selling Shareholder the resulting economic
difference in cash, calculated as set forth in the L1 Letter Agreement. The sale of our Class A Ordinary Shares upon the conversion, exercise
or the sale of a significant amount of the Class A Ordinary Shares issued or issuable in the open market, or the perception that these
sales may occur, could cause the market price of our Class A Ordinary Shares to decline or become highly volatile.

We may have to pay damages to the Selling Shareholder, which will impact our cash flows.

Under the terms of our Securities Purchase Agreement
entered into with the Selling Shareholder, if we fail to comply with certain provisions set forth in the agreement, including covenants
requiring that we maintain the effectiveness of the registration statements registering these securities, then we will be required to
pay damages to the Selling Shareholder. There can be no assurance that the registration statements will remain effective for the time
periods necessary to avoid payment of damages. If we are required to pay the Selling Shareholder damages, this could materially harm our
business and future prospects.

Our dual-class voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial.

Our authorized ordinary shares are divided into
Class A Ordinary Shares and Class B Ordinary Shares. Holders of Class A Ordinary Shares shall be entitled to one vote per share on all matters subject to the vote at general meetings
of our company, while holders of Class B Ordinary Shares shall be entitled to 20 votes