Company: MASK
Filing Date: 2025-12-30
Form Type: F-1
Source: 0001185185-25-002198
Chunk: 145

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-30
Form: F-1
Chunk 145
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 is, or any act or acts of the company have been, or are, likely to be oppressive, unfairly discriminatory or unfairly prejudicial to him in that capacity, can apply to the court under Section 184I of the BVI Act, inter alia, for an order that his shares be acquired, that he be provided compensation, that the Court regulate the future conduct of the company, or that any decision of the company which contravenes the BVI Act or our Amended and Restated Articles be set aside. Derivative actions Section 184C of the BVI Act provides that a shareholder of a company may, with the leave of the Court, bring an action in the name of the company in certain circumstances to redress any wrong done to it. Such actions are known as derivative actions. The BVI Court may only grant permission to bring a derivative action where the following circumstances apply:

| ● | the company does                                                                   
 not intend to bring, diligently continue or defend or discontinue proceedings; and |

| ● | it is in the interests                                                                    
 of the company that the conduct of the proceedings not be left to the directors or to the 
 determination of the shareholders as a whole.                                             |

When considering whether to grant leave, the BVI Court is also required to have regard to the following matters:

| ● | whether the shareholder  
 is acting in good faith; |

| ● | whether a derivative                                                          
 action is in the company’s best interests, taking into account the directors’ 
 views on commercial matters;                                                  |

| ● | whether the action    
 is likely to proceed; |

| ● | the costs of the                                                 
 proceedings in relation to the relief likely to be obtained; and |

| ● | whether an alternative 
 remedy is available.   |

90 Just and equitable winding up In addition to the statutory remedies outlined above, shareholders can also petition the BVI Court for the winding up of a company on the grounds that it is just and equitable for the court to so order. Save in exceptional circumstances, this remedy is generally only available where the company has been operated as a quasi-partnership and trust and confidence between the partners has broken down. Indemnification of directors and executive officers and limitation of liability Our Amended and Restated Articles provide that, subject to certain limitations, we indemnify against all expenses, including legal fees, and against all judgments, fines and amounts paid in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings for any person who:

| ● | is or