Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 90

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 90
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. Any sudden changes to mainland China’s political system or the occurrence
of widespread social unrest could have a material adverse effect on our business and results of operations.

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Regulation and censorship of information
distribution over the Internet in mainland China may adversely affect our business, and we may be liable for information displayed on,
retrieved from or linked to our website.

Mainland China has enacted laws and regulations
governing Internet access and the distribution of products, services, news, information, audio-video programs and other content through
the Internet. The PRC government has prohibited the distribution of information through the Internet that it deems to be in violation
of PRC laws and regulations. If any of the content on our website, mobile applications and WeChat mini-applications were deemed to violate
any content restrictions by the PRC government, we would not be able to continue to display such content and could become subject to penalties,
including confiscation of income, fines, suspension of business and revocation of required licenses, which could materially and adversely
affect our business, financial conditions and results of operations. We may also be subject to potential liability for any unlawful actions
of our customers or customers of our website or for content we distribute that is deemed inappropriate. It may be difficult to determine
the type of content that may result in liability to us, and if we are found to be liable, we may be prevented from operating our website
in mainland China.

We must remit the offering proceeds to
mainland China before they may be used to benefit our business in mainland China, the process of which may be time-consuming, and we cannot
assure that we can finish all necessary governmental registration processes in a timely manner.

The proceeds of this offering may be sent back
to the PRC, and the process for sending such proceeds back to the PRC may be time-consuming after the closing of this offering. We may
be unable to use these proceeds to grow our business until our PRC subsidiaries receive such proceeds in the PRC. Any transfer of
funds by us to our PRC subsidiaries, either as a shareholder loan or as an increase in registered capital, is subject to approval by or
registration or filing with relevant governmental authorities in mainland China. Any foreign loans procured by our PRC subsidiaries are
required to be registered with the SAFE or its local branches or satisfy relevant requirements, and our PRC subsidiaries may not procure
loans which exceed the difference between their