Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 208

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 208
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,403,954 |   |
| Loan repaid to related party                   |     |              |          |   |     |            |         |   |     |            |           |   |     |            |           |   |
| Mr. Joseph Shu Sang Law                        |     |              |        — |   |     |            | 191,703 |   |     |            | 2,038,083 |   |     |            | 2,314,875 |   |
| Loan repaid from related party                 |     |              |          |   |     |            |         |   |     |            |           |   |     |            |           |   |
| Vast Profit Ventures Limited                   |     |              |        — |   |     |            |       — |   |     |            |     1,887 |   |     |            |         — |   |
| Mr. Joseph Shu Sang Law                        |     |              | (370,541 | ) |     |            |       — |   |     |            |         — |   |     |            |         — |   |
| Exchange rate translation difference           |     |              |    3,047 |   |     |            |       — |   |     |            |         — |   |     |            |         — |   |

Employment Agreements

See “Executive Compensation — Agreements with Named Executive Officers”.

<div align='center'>127

DESCRIPTION OF SHARE CAPITAL</div>

We were incorporated as a BVI business company
under the laws of the BVI on October 6, 2021.

On January 3, 2024, the Company filed the
Amended and Restated Articles with the Registrar of Corporate Affairs of BVI to increase our authorized shares from 50,000 Ordinary Shares,
par value US$1 per share, to 500,000,000 ordinary shares, par value US$0.0001 per share, consisting of (i) 400,000,000 participating Class
A Ordinary Shares, par value US$0.0001 per share, and (ii) 100,000,000 non participating Class B Ordinary Shares, par value US$0.0001 per
share. Simultaneously, the Company effectuated a forward split of all issued and outstanding shares at a ratio of 1-for-10,000, and converted
all existing issued and outstanding ordinary shares into