Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 37

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 37
---
 our Class A Ordinary Shares to decline or become worthless. |

| ● | The PRC government has significant authority to exert influence on our operations in mainland China. Mainland China’s economic,              
 political and social conditions, as well as changes in any government policies, laws and regulations may be quick and, could have a material 
 adverse effect on our business and the value of our Class A Ordinary Shares.                                                                 |

| ● | If we fail to maintain continuing compliance with the PRC state regulatory rules, policies and procedures applicable to our industry,         
 we may risk losing certain preferential tax and other treatments which may adversely affect the viability of our current corporate structure, 
 corporate governance and business operations.                                                                                                 |

| ● | Recent greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, could adversely 
 impact our business and our proposed offering.                                                                                            |

| ● | The interpretation and implementation of Cybersecurity Law may be subject to change, which may affect our business operations accordingly. |

| ● | Mainland China’s economic, political and social conditions, as well as changes in any government policies, laws and regulations 
 may be quick and, could have a material adverse effect on our business and the value of our Class A Ordinary Shares.            |

| ● | Regulation and censorship of information distribution over the Internet in mainland China may adversely affect our business, and we 
 may be liable for information displayed on, retrieved from or linked to our website.                                                |

| ● | We must remit the offering proceeds to mainland China before they may be used to benefit our business in mainland China, the process  
 of which may be time-consuming, and we cannot assure that we can finish all necessary governmental registration processes in a timely 
 manner.                                                                                                                               |

| ● | U.S. regulatory agencies’ ability to conduct investigations or enforce rules in mainland China is limited. |

| ● | We face uncertainty regarding the PRC tax reporting obligations and consequences for certain indirect transfers of the stock of our 
 operating company.                                                                                                                  |

| ● | PRC regulations relating to the establishment of offshore special purpose companies by PRC residents may subject our PRC resident       
 shareholders to personal liability and limit our ability to acquire PRC companies or to inject capital into our PRC subsidiaries, limit 
 our PRC subsidiaries’ ability to distribute profits to us, or otherwise materially and adversely affect us.                             |

| ● | PRC regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from