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

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 30
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, effective on the same date. Effective as of November 19, 2025, the board of directors appointed Ms. Fenfen Qi as an independent director to fill in the vacancies created by Ms. Na Mi's resignation. On October 7, 2025, our board of directors approved and adopted an equity incentive plan (the “2025 Share Incentive Plan”), which became effective on the same date. See “Management—Equity Incentive Plan” for details. On June 20, 2025, we announced the appointment of GGF CPA Ltd (“GGF”) as our new independent registered public accounting firm to audit our financial statements, effective June 19, 2025. The appointment was made after a careful and thorough evaluation process and has been recommended and approved by the audit committee of our board of directors, and subsequently approved by our board of directors. GGF succeeds HTL International, LLC (“HTL”), our previous independent registered public accounting firm. On June 19, 2025, HTL declined to stand for re-election as the independent registered public accounting firm for us. The audit reports of HTL on the financial statements of us as of June 30, 2024 and 2023 and for the fiscal years ended June 30, 2024 and 2023, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. On June 16, 2025, our board of directors received the resignation letter from Mr. Law Shu Sang Joseph, effective on June 16, 2025. Mr. Law Shu Sang Joseph’s resignation reflects a mutual agreement with the board of directors to step down as Chairman of the board of directors of the Company, and the resignation is not as a result of any disagreement with us relating to our operations, policies or practices. On June 9, 2025, we entered into a securities purchase agreement with the Selling Shareholder, pursuant to which we agreed to sell and issue up to US$7.4 million in face value of convertible notes and warrants to the Selling Shareholder to purchase a certain number of Class A Ordinary Shares in three tranches, which contemplates (i) the first tranche consisting of up to US$2.2 million in principal amount of convertible notes and warrants, and 1,248,611 pre-delivery shares and pre-funded warrants to purchase an additional 213,389 pre-delivery shares, (ii