Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 112

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 112
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, including the distribution of dividends, interest
payments, trade and service related foreign exchange transactions. Renminbi is generally freely convertible for payments of current account
items, such as trade and service-related foreign exchange transactions, interest and dividend payments, but not freely convertible for
capital account items, such as direct investment, loan or investment in securities outside China, unless prior approval of the SAFE or
its local office has been obtained. Capital investments by foreign enterprises are also subject to the regulations of the National Development
and Reform Commission of China (the “NDRC”), the MOFCOM and the SAFE.

Therefore, 3e Network and its subsidiaries may
experience difficulties in completing the administrative procedures necessary to obtain and remit foreign currency for the payment of
dividends from our profits, if any.

To the extent any funds or assets in
the business is in mainland China or Hong Kong or a mainland China or Hong Kong entity, the funds or assets may not be available
to fund operations or for other use outside of mainland China or Hong Kong.

To the extent funds are generated in our PRC operating
subsidiaries, and may need to be used to fund operations outside of mainland China, such funds may not be available due to limitations
placed by PRC laws and regulations. Furthermore, to the extent assets (other than cash) in our business are located in mainland China
or held by a mainland China entity, the assets may not be available to fund operations or for other use outside of mainland China unless
such transfer of cash or assets are in compliance with the requirements of relevant PRC laws and regulations as mentioned above, and otherwise
the ability of us and our subsidiaries to transfer assets may be restricted. Based on our understanding of the Hong Kong laws
and regulations, as of the date of this prospectus, there is no restriction imposed by the Hong Kong government on the transfer of
capital within, into and out of Hong Kong (including funds from Hong Kong to mainland China), except transfer of funds involving
money laundering and criminal activities. Notwithstanding the foregoing, if certain PRC laws and regulations, including existing
laws and regulations and those enacted or promulgated in the future were to become applicable to our Hong Kong subsidiary in the
future, and to the extent cash is generated in our Hong Kong subsidiary, and to the extent assets (other than cash) in our business
are located in Hong Kong or held by a Hong Kong entity and may need to be used to fund operations outside of Hong Kong