Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 10

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 10
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 that it has
completed the inspections, determined that it had complete access to inspect or investigate completely registered public accounting
firms headquartered in mainland China and Hong Kong, and voted to vacate the Determination Report. On December 29, 2022,
the Consolidated Appropriations Act, 2023 (the “CAA”) was signed into law by President Biden. The CAA contained, among
other things, an identical provision to the AHFCAA, which reduces the number of consecutive non-inspection years required for
triggering the prohibitions under the HFCA Act from three years to two. Our former auditor, HTL International, LLC
(“HTL”), the independent registered public accounting firm that issues the audit report included elsewhere in this
prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB, is
subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the
applicable professional standards. HTL is headquartered in Houston, Texas, and is subject to inspection by the PCAOB on a regular
basis. On June 20, 2025, we announced the appointment of GGF as our new independent registered public accounting firm to audit our
financial statements, effective June 19, 2025. GGF is an accounting firm based in the PRC that is registered with the PCAOB and is
subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the
applicable professional standards. If in the future, the PCAOB concludes that it is unable to inspect and investigate completely our
auditor, we and our investors would be deprived of the benefits of such PCAOB inspections again. In addition, the recent
developments would add uncertainties to our offering and we cannot assure you whether Nasdaq or regulatory authorities would apply
additional and more stringent criteria to us after considering the effectiveness of our former and current auditor’s audit
procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or
experience as it relates to the audit of our financial statements. See “Risk Factors — Risks Related to Doing
Business in China — Our Class A Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors for two consecutive years. The delisting of our Class A Ordinary Shares, or the threat of their being delisted, may