Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 211

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 211
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, we may be voluntarily liquidated under Part XII of the BVI Act by resolution of directors and resolution of shareholders
if our assets exceed our liabilities and we are able to pay our debts as they fall due. We may also be wound up in circumstances where
we are insolvent in accordance with the terms of the BVI Insolvency Act, (Revised Edition 2020) as amended.

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If we are wound up and the assets available for
distribution among our Class A shareholders are more than sufficient to repay all amounts paid to us on account of the issue of shares
immediately prior to the winding up, the excess shall be distributable pari passu among those Class A shareholders in proportion to the
amount paid up immediately prior to the winding up on the shares held by them, respectively. If we are wound up and the assets available
for distribution among the Class A shareholders as such are insufficient to repay the whole of the amounts paid to us on account of the
issue of shares, those assets shall be distributed so that, to the greatest extent possible, the losses shall be borne by the shareholders
in proportion to the amounts paid up immediately prior to the winding up on the shares held by them, respectively. If we are wound up,
the liquidator appointed by us may, in accordance with the BVI Act, divide among our Class A shareholders in specie or kind the whole
or any part of our assets (whether they shall consist of property of the same kind or not) and may, for such purpose, set such value as
the liquidator deems fair upon any property to be divided and may determine how such division shall be carried out as between the shareholders
or different classes of shareholders.

The Class B Ordinary Shares do not have the right
to any distribution of the surplus assets of the Company on its liquidation.

Calls on Ordinary Shares and Forfeiture
of Ordinary Shares

Our board of directors may from time to time make
calls upon shareholders for any amounts unpaid on their Ordinary Shares in a notice served to such shareholders at least 14 clear days
prior to the specified time of payment. The Ordinary Shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption of Ordinary Shares

Subject to the provisions of the BVI Act, we may
issue shares on terms that are subject to redemption, at our option or at the option of the holders, on such terms and in such manner
as may be determined by our Amended