Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 69

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 69
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entitle our customers to terminate their contracts with us. We currently do not have insurance against business interruptions.

Fluctuations in exchange rates could
adversely affect our business and the value of our securities.

Changes in the value of the RMB against the U.S. dollar,
euro and other foreign currencies are affected by, among other things, changes in China’s political and economic conditions. Any
significant revaluation of the RMB may have a material adverse effect on our revenues and financial condition, and the value of, and any
dividends payable on our shares in U.S. dollar terms. For example, to the extent that we need to convert U.S. dollar we receive
from our offering into RMB for our operations, appreciation of the RMB against the U.S. dollar would have an adverse effect on the
RMB amount we would receive from the conversion. Conversely, if we decide to convert our RMB into U.S. dollar for the purpose of
paying dividends on our Class A Ordinary Shares or for other business purposes, appreciation of the U.S. dollar against the RMB would
have a negative effect on the U.S. dollar amount available to us.

Since July 2005, the RMB is no longer pegged
to the U.S. dollar, although the PBOC regularly intervenes in the foreign exchange market to prevent significant short-term fluctuations
in the exchange rate, the RMB may appreciate or depreciate significantly in value against the U.S. dollar in the medium to long term.
Moreover, it is possible that in future, PRC authorities may lift restrictions on fluctuations in the RMB exchange rate and lessen intervention
in the foreign exchange market.

Very limited hedging transactions are available
in China to reduce our exposure to exchange rate fluctuations. To date, we have not entered into any hedging transactions. While we may
enter into hedging transactions in the future, the availability and effectiveness of these transactions may be limited, and we may not
be able to successfully hedge our exposure at all. In addition, our foreign currency exchange losses may be magnified by PRC exchange
control regulations that restrict our ability to convert RMB into foreign currencies.

We may face difficulties in providing end-to-end business
solutions for our customers that could cause customers to discontinue their work with us, which, in turn, could impact our business.

As we have increased the breadth of our service
offerings, we have engaged in larger and more complex projects with