Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 6

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 6
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RC, which can change quickly with little advance notice and differ in material aspects from the laws of the United States.”

The operational risks associated with being based
in and having operations in China also apply to operations in Hong Kong. With respect to the legal risks associated with being based
in and having operations in China, the laws, regulations and discretion of the governmental authorities in China discussed in this prospectus
are expected to apply to entities and businesses in mainland China, rather than to entities or businesses in Hong Kong which operate
under different sets of laws from those of mainland China.

The PRC government initiated a series of regulatory
actions and made a number of public statements on the regulation of business operations in China, including cracking down on illegal
activities in the securities market, enhancing supervision over China-based companies listed overseas using a variable interest entity
(VIE) structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding efforts in anti-monopoly enforcement.
On February 17, 2023, the China Securities Regulatory Commission (the “CSRC”) issued the Trial Administrative Measures
of Overseas Securities Offering and Listing by Domestic Companies (the “Trial Administrative Measures”) and relevant supporting
guidelines (collectively, the “New Administrative Rules Regarding Overseas Listings”), which came into force since March 31,
2023. According to the New Administrative Rules Regarding Overseas Listings, among other things, a domestic company in the PRC that seeks
to offer and list securities in overseas markets, both directly and indirectly, shall fulfill the filing procedure with the CSRC as per
requirement of the Trial Administrative Measures. Where a domestic company seeks to directly offer and list securities in overseas markets,
the issuer shall file with the CSRC. Where a domestic company seeks to indirectly offer and list securities in overseas markets,
the issuer shall designate a major domestic operating entity, which shall, as the domestic responsible entity, file with the CSRC. Initial
public offerings or listings in overseas markets shall be filed with the CSRC within three working days after the relevant application
is submitted overseas. If an issuer offers securities in the same overseas market where it has previously offered and listed securities
subsequently, filings shall be made with the CSRC within three working days after the offering is completed. Upon occurrence of
any material event, such as change of control, investigations or sanctions imposed by overseas securities regulatory agencies or other
relevant competent authorities, change of listing status or transfer of listing segment, or voluntary or mandatory delisting, after an
issuer