Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 71

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 71
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 Accordingly, we will retain broad discretion over the use of these proceeds, if any. DIVIDEND POLICY Subject to the BVI Act and our Amended and Restated Articles, our board of directors may authorize and declare a distribution by way of dividend to shareholders at such time and of such an amount as they think fit if they are satisfied, on reasonable grounds, that immediately after the distribution, the value of our assets will exceed our liabilities and we will be able to pay our debts as they become due. There is no further BVI statutory restriction on the amount of funds which may be distributed by us as dividends. We have not previously declared or paid cash dividends and we have no plan to declare or pay any dividends in the near future on our shares. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments. If we determine to pay dividends on any of our Class A Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our Hong Kong and PRC subsidiaries. We are a BVI business company incorporated in the BVI. We rely principally on dividends from our Hong Kong subsidiaries for our cash requirements, including any payment of dividends to our shareholders. Cash dividends, if any, on our Class A Ordinary Shares will be paid in U.S. dollars. Under the applicable laws and regulations in relation to taxation in Hong Kong, no withholding tax is levied in Hong Kong in respect of dividends paid by HK 3e Network to its shareholder(s). See “Taxation — Hong Kong Profits Taxation.” 37 CAPITALIZATION The following table sets forth our capitalization as of June 30, 2025:

| ● | on an actual basis; |

|   | ●                                                                                   | on an as adjusted basis to reflect the disposal of two subsidiaries           
 in March 2025 as disclosed in the Company’s Form 6-K filed on March 2025; and |
| ● | on an as adjusted basis to reflect the disposal