Company: MASK
Filing Date: 2025-11-25
Form Type: F-1
Source: 0001185185-25-001852
Chunk: 189

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-11-25
Form: F-1
Chunk 189
---
 closed its initial public offering of 1,250,000 Class A Ordinary Shares, par value US$0.0001 per share. Class B Ordinary Shares may only be issued to employees of the Company or its subsidiaries or entities whose principal shareholder is an employee of the Company or its subsidiaries. Class B Ordinary Shares are subject to compulsory redemption and cancellation on termination of employment with the Company as more particularly set out in the memorandum of association. On January 24, 2025, the Company adopted written resolutions and approved the issuance of 300,000 shares of Class B Ordinary Shares to Jianping Niu and 280,000 shares of Class B Ordinary Shares to Huabei Zhu, with a nominal value of 0.0001 per share, with such amounts to be paid in cash. Each of Jianping Niu and Huabei Zhu is an employee of the Company. Pursuant to the Company’s amended and restated memorandum and articles of association, holders of the Class B Ordinary Shares shall not receive the right to any dividend paid by the Company and distribution of the surplus assets of the Company on its liquidation, and may not convert their Class B Ordinary Shares into shares of any other class. Each Class B Ordinary Share in the Company confers upon the shareholder the right to twenty votes at a meeting of the shareholders of the Company or on any resolution of shareholders. On June 9, 2025, the Company entered into the Securities Purchase Agreement with the Selling Shareholder, pursuant to which the Company issued 1,248,611 pre-delivery shares, and pre-funded warrants to purchase an additional 213,389 pre-delivery shares. On October 17, 2025, the Company entered into a securities purchase agreement with the Selling Shareholder, pursuant to which we agreed to sell and issue a convertible promissory note convertible into up to 44,694,292 of Class A Ordinary Shares. Ordinary Shares General All of our issued shares are fully paid and non-assessable. Certificates evidencing the shares are issued in registered form. There are no limitations imposed by our Amended and Restated Articles on the rights of non-resident or foreign shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our Amended and Restated Articles governing the ownership threshold above which shareholder ownership must be disclosed. Under the BVI Act, the Ordinary Shares are deemed to be issued when the name of the shareholder is entered in our register of members. If (a) information that is required