Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 72

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 72
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 April 9, 2025, China has responded by hiking its levies on U.S. imports to 84% from 34%. Historically, tariffs
have led to increased trade and political tensions, between the U.S. and China, as well as between the U.S. and other countries. Political
tensions as a result of trade policies could reduce trade volume, cross-border investment, technological exchange, and other economic
activities between major economies, resulting in a material adverse effect on global economic conditions and the stability of global
financial and stock markets. Moreover, the heightened geopolitical uncertainty and potential for further escalation may discourage investments
in securities issued by China-based issuers (including us) and affect the global macroeconomic environment. For example, it has been
reported that the U.S. administration may consider imposing further restrictions or prohibitions on trading of Chinese securities. Although
cross-border trade is not our principal business, any such geopolitical developments could materially and adversely affect our overall
financial performance and prices of our Class A Ordinary Shares.

The bombing of Iran by Israel and the United States and the resulting
and potentially escalating tensions in the region could feed uncertainty in the oil markets, which could impact prices for fuel, transportation,
freight and other related items, impacting costs directly and indirectly leading to more inflation. In particular, if Iran seeks to close
the Strait of Hormuz, oil prices could spike and the escalation of hostilities could have other consequences, which would materially
adversely affect us given the location of our customers in Southeast Asia which is highly reliant on oil from Iran and other countries
in the Middle East. In addition, the continuation or further escalation of this conflict, or the uncertainties involved with potential
regime change, could create significant volatility in global capital markets or significantly disrupt the global economy, including disruptions
of the global supply chain. In addition to inflation, there is a risk that the inflation and shortages of oil and gas could result in
a recession. The occurrence of such events could materially adversely affect our business, financial position and results of operations.

Furthermore, such tensions may
lead to consumer boycotts, increased security measures, and travel restrictions, all of which could negatively affect our ability to conduct
business, maintain supply chain operations, and expand into new markets. Any restrictions on international trade and capital flows may
have a negative impact on our ability to access capital, procure raw materials, and expand our operations. As a result, any of these events
could have a material adverse effect