Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 224

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 224
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 board of directors approves the proposal to dissolve, dissolution must be approved by shareholders holding 100% of the total voting
power of the corporation. Only if the dissolution is initiated by the board of directors may it be approved by a simple majority of the
corporation’s outstanding shares. Delaware law allows a Delaware corporation to include in its certificate of incorporation a supermajority
voting requirement in connection with dissolutions initiated by the board. Under the BVI Act and our Amended and Restated Articles, we
may appoint a voluntary liquidator by a resolution of the shareholders, provided that the directors have made a declaration of solvency
that the company is able to discharge its debts as they fall due and that the value of the company’s assets exceed its liabilities.

Variation of rights of shares

Under the Delaware General Corporation Law, a corporation
may vary the rights of a class of shares with the approval of a majority of the outstanding shares of such class, unless the certificate
of incorporation provides otherwise. Under our Amended and Restated Articles, if at any time our shares are divided into different classes
of shares, the rights attached to any class may only be varied, whether or not our company is in liquidation, with the consent in writing
of or by a resolution passed at a meeting by a majority of the votes cast by those entitled to vote at a meeting of the holders of the
issued shares in that class. For these purposes the creation, designation or issue of preferred shares with rights and privileges ranking
in priority to an existing class of shares is deemed not to be a variation of the rights of such existing class and may in accordance
with our Amended and Restated Articles be effected by resolution of directors without shareholder approval.

Amendment of governing documents

Under the Delaware General Corporation Law, a corporation’s
governing documents may be amended with the approval of a majority of the outstanding shares entitled to vote, unless the certificate
of incorporation provides otherwise. As permitted by BVI law, our Amended and Restated Articles may be amended by a resolution of shareholders
and, subject to certain exceptions, by a resolution of directors. An amendment is effective from the date it is filed and registered at
the Registry of Corporate Affairs in the BVI.

Anti-Money Laundering Laws

In order to comply with legislation or regulations
aimed at the prevention of money laundering we are required to adopt and maintain anti-money laundering procedures, and may require subscribers
to provide evidence to verify their identity