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

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 10
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 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. To address persistent capital outflows and the RMB’s depreciation against the U.S. dollar in the fourth quarter of 2016, the People’s Bank of China (the “PBOC”) and the State Administration of Foreign Exchange (the “SAFE”) have implemented a series of administrative measures in the subsequent months, including stricter vetting procedures for China -basedcompanies to remit foreign currency for overseas acquisitions, dividend payments and shareholder loan repayments. The PRC government may continue to strengthen its implementation of administrative measures and our operating entities’ dividends and other distributions may be subject to tightened scrutiny in the future. Therefore, Guangzhou Sanyi Network and Guangzhou 3E Network may experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency for the payment of dividends from our profits, if any. Furthermore, if Guangzhou Sanyi Network or Guangzhou 3E Network incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments. We are a BVI company and conduct all of our operations and substantially all of our assets are located in Hong Kong and mainland China. In addition, all of our directors and officers are nationals or residents of countries other than the United States. A substantial portion of the assets of these persons is located outside the United States. As a result, it may be difficult for you to effect service of process within the United States upon these persons. It may also be difficult for you to enforce the U.S. courts judgments obtained in U.S. courts including judgments based on the civil liability provisions of the U.S. federal securities laws against us and our officers and directors. See “Risk

Factors — Risks Related to Doing Business in China — Certain legal requirements shall be met for effecting service of legal process, enforcing foreign judgments or bringing actions in China against us or our management named in the prospectus.” on page 51 of this prospectus. Immediately prior to the completion of this offering, our issued and outstanding share capital consists of 10,000,000 Class A Ordinary Shares and no Class B ordinary shares, par value $0.0001 per share (each, a “Class B Ordinary Share”, collectively, “Class B Ordinary Shares