Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 29

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 29
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 China or Hong Kong entity, the funds or assets may not be available to fund operations or for other use outside of mainland China or Hong Kong.” on page 53 of this prospectus; “— PRC regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from using the proceeds of this offering to make loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand our business.”on page 47 of this prospectus; “— We may rely on dividends and other distributions on equity paid by our Hong Kong and PRC subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our PRC subsidiaries to make payments to us could have a material and adverse effect on our ability to conduct our business,”on page 53 of this prospectus; and “— Governmental regulation of currency conversion may limit our ability to utilize our revenues effectively and affect the value of your investment.” on page 48 of this prospectus. Cash dividends, if any, on our Class A Ordinary Shares will be paid in USD. If we are considered a PRC tax resident enterprise for tax purposes, any dividends we pay to our overseas shareholders may be regarded as China -sourcedincome and, as a result, may be subject to PRC withholding tax at a rate of up to 10%. In order for us to pay dividends to our shareholders, we may rely on payments made from Guangzhou Sanyi Network and Guangzhou 3E Network and the distribution of such payments to HK 3e Network as dividends from Guangzhou Sanyi Network and Guangzhou 3E Network. Certain payments as dividends from Guangzhou Sanyi Network and Guangzhou 3E Network to HK 3e Network are subject to PRC taxes, including withholding taxes. Pursuant to the Arrangement between the Mainland China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, or the Comprehensive Double Taxation Arrangement, dividends paid by a PRC company to a Hong Kong resident enterprise may be taxed in accordance with the laws of the PRC and the rate of the tax so charged, in 2 tiers, may be lowered from 10% to 5% of the gross amount of the dividends if the Hong Kong resident enterprise (being the beneficial owner of 7 the dividends) directly owns no less than 25