Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 110

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 110
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 to take actions against the directors, actions by minority shareholders and the fiduciary responsibilities
of our directors to us under BVI law are to a large extent governed by the common law of the BVI. The common law of the BVI is derived
in part from comparatively limited judicial precedent in the BVI as well as from the common law of England, the decisions of whose courts
are of persuasive authority, but are not binding, on a court in the BVI. The rights of our shareholders and the fiduciary responsibilities
of our directors under BVI law are not as clearly established as they would be under statutes or judicial precedent in some jurisdictions
in the U.S. In particular, the BVI has a less developed body of securities laws than the U.S. Some U.S. states, such as
Delaware, have more fully developed and judicially interpreted bodies of corporate law than the BVI. In addition, BVI companies may not
have standing to initiate a shareholder derivative action in a federal court of the U.S.

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Shareholders of BVI business companies like us
have no general rights under BVI law to inspect corporate records or to obtain copies of lists of shareholders of these companies (other
than copies of our Amended and Restated Articles and register of mortgages and charges, and any resolutions passed by our shareholders
at a general meeting). Under BVI law, the names of our current directors can be obtained from a search conducted at the Registrar of Companies.
Our directors have discretion under our Amended and Restated Articles to determine whether or not, and under what conditions, our corporate
records may be inspected by our shareholders, but are not obliged to make them available to our shareholders. This may make it more difficult
for you to obtain the information needed to establish any facts necessary for a shareholder motion or to solicit proxies from other shareholders
in connection with a proxy contest.

As a company incorporated in the BVI, we are permitted
to adopt certain home country practices in relation to corporate governance matters that differ significantly from the Nasdaq corporate
governance requirements; these practices may afford less protection to shareholders than they otherwise would under rules and regulations
applicable to U.S. domestic issuers.

As a result of all of the above, our public shareholders
may have more difficulties in protecting their interests in the face of actions taken by management, members of the board of directors
or controlling shareholders than they would as public shareholders of a company incorporated