Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 227

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 227
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IC for all succeeding years during which you hold Class A Ordinary Shares. If we cease to be a PFIC and you did not previously make a timely “mark-to-market” election as described below, however, you may avoid some of the adverse effects of the PFIC regime by making a “purging election” (as described below) with respect to the Class A Ordinary Shares.

If we are a PFIC for any taxable year(s) during which you hold Class A Ordinary Shares, you will be subject to special tax rules with respect to any “excess distribution” that you receive and any gain you realize from a sale or other disposition (including under certain circumstances, a pledge) of the Class A Ordinary Shares, unless you make a “mark-to-market” election as discussed below. Distributions you receive in a taxable year that are greater than 125% of the average annual distributions you received during the shorter of the three preceding taxable years or your holding period for the Class A Ordinary Shares will be treated as an excess distribution. Under the PFIC rules:

| ● | the                                                                                                             
 excess distribution or gain will be allocated ratably over your holding period for the Class A Ordinary Shares; |

| ● | the                                                                                                                           
 amount allocated to your current taxable year, and any amount allocated to any of your taxable year(s) in your holding period 
 prior to the first taxable year in which we were a PFIC, will be treated as ordinary income;                                  |

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| ● | the                                                                                                                                  
 amount allocated to each of your other taxable years (or portions thereof) will be subject to the highest tax rate in effect         
 for that year and the interest charge generally applicable to underpayments of tax will be imposed on the resulting tax attributable 
 to each such year; and                                                                                                               |

| ● | an                                                                                                                               
 additional tax equal to the interest charge generally applicable to underpayments of tax will be imposed on the tax attributable 
 to each prior taxable year, other than a pre-PFIC year.                                                                          |

The tax liability for amounts allocated to years prior to the year of disposition or “excess distribution” cannot be offset by any net operating losses for such years, and gains (but not losses) realized on the sale of the Class A Ordinary Shares cannot be treated as capital, even if you hold the Class A Ordinary Shares as capital assets.

A U.S. Holder may avoid the adverse PFIC tax consequences discussed above if such U.S. Holder, at the close of the first