Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 174

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 174
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 investments in a centralized manner, and the Encouraging List, which
came into effect on January 1, 2023, sets out the encouraged industries for foreign investment.

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Regulation Relating to Wholly Foreign-owned
Enterprises

The abovementioned Company Law of the People’s
Republic of China provides that companies established in the PRC may take the form of company of limited liability or company limited
by shares. Each company has the status of a legal person and owns its assets itself. Assets of a company may be used in full for the company’s
liability. The Company Law applies to foreign-invested companies unless relevant laws provide otherwise.

The Foreign Investment Law replaced Law of the People’s Republic
of China on Wholly Foreign-owned Enterprises. It stipulates that the PRC implements a system of pre-establishment national treatment plus
negative list for the administration of foreign investment. Foreign investors are not allowed to invest in fields or sectors prohibited
in the market access negative list for foreign investment. Foreign investors that intend to invest in the fields subject to access restrictions
stipulated in market access negative list for foreign investment shall satisfy the conditions stipulated in such negative list. The PRC
policies supporting enterprise development are equally applicable to foreign-invested enterprises. The PRC does not impose expropriation
on foreign investment. Under special circumstances, if it requires imposing expropriation on foreign investment due to the need of public
interest, expropriation shall be imposed according to legal procedures, and the foreign-invested enterprises concerned shall receive fair
and reasonable compensation. Foreign-invested enterprises can raise funds through public issuance of stocks, corporate bonds and other
securities in accordance with the law. Overall, The Foreign Investment Law establishes the clear principle of applying national treatment
to FIEs except those engaged in industries on the 2021 Negative List or the 2024 Negative Listt. Since our current and planned business
is not on the 2021 Negative List or the 2024 Negative Listt, to the best of our knowledge, it will not create any material adverse effect
to our Company’s business.

Regulations Relating to Internet Information
Security and Privacy Protection

Internet information in China is regulated from
a national security standpoint. The National People’s Congress of China, has enacted the Decisions on Preserving Internet Security
in December 2000, which was further amended in August 2009 and subjects violators