Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 121

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 121
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 price of our common shares and the value of your investment.

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Sales of shares issuable upon the
conversion of the Convertible Notes, exercise of the Warrants and the effectiveness of our registration statement may cause the
market price of our shares to decline.

Pursuant to the Securities Purchase Agreement
and in connection with this offering, (i) up to 10,476,190 Class A Ordinary Shares underlying the Convertible Notes may be issued
with the conversion price per share equal to the lower of US$3.71 or 93% of the lowest daily VWAP in the ten trading days
immediately preceding the applicable conversion date, (ii) up to 4,190,490 Class A Ordinary Shares underlying the Warrants may be
issued with the exercise price per share of US$3.71 and (iii) 1,248,611 Pre-Delivery Shares and pre-funded warrants to purchase an
additional 213,389 Pre-Delivery Shares may be issued at a price per share equal to 93% of the average of daily VWAPs for the ten
trading days immediately preceding such purchase of the Pre-Delivery Shares. The sale of our Class A Ordinary Shares upon the
conversion, exercise or the sale of a significant amount of the Class A Ordinary Shares issued or issuable in the open market, or
the perception that these sales may occur, could cause the market price of our Class A Ordinary Shares to decline or become highly
volatile.

We may have to pay damages to the Investor,
which will impact our cash flows.

Under the terms of our Securities Purchase Agreement
entered into with the Investor, if we fail to comply with certain provisions set forth in the agreement, including covenants requiring
that we maintain the effectiveness of the registration statements registering these securities, then we will be required to pay damages
to the Investor. There can be no assurance that the registration statements will remain effective for the time periods necessary to avoid
payment of damages. If we are required to pay the Investor damages, this could materially harm our business and future prospects.

Our dual-class voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial.

Our authorized ordinary shares are divided into
Class A Ordinary Shares and Class B Ordinary Shares (with power for our directors to designate and issue such classes of shares as they
think fit). Holders of Class A Ordinary