Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 21

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 21
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 future, the instruments governing the debt may restrict their ability to pay dividends or make other payments.
In addition, the PRC Enterprise Income Tax Law and its implementation rules provide that a withholding tax at a rate of 10% will be applicable
to dividends payable by companies in mainland China to enterprises outside of mainland China unless reduced under treaties or arrangements
between the PRC central government and the governments of other countries or regions where the enterprises outside of mainland China are
tax resident. See “Prospectus Summary — Dividend Distributions or Assets Transfer among the Holding Company and
Subsidiaries.”, “Prospectus Summary — Summary of Significant Risk Factors — Risks Related
to Doing Business in China — The transfer of funds, dividends and other distributions between us and our subsidiaries is subject to restriction.”, “Prospectus Summary — Summary of Significant Risk Factors — Risks
Related to Doing Business in 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.”, “Risk Factors — Risks Related to Doing Business
in China — The transfer of funds, dividends and other distributions between us and our subsidiaries is subject to restriction.” o, and “Risk Factors — Risks Related to Doing Business in 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.”
In addition, any transfer of funds by us to our PRC subsidiaries, either as a shareholder loan or as an increase in registered capital,
are subject to approval by or registration or filing with relevant governmental authorities in China. Any foreign loans procured by our
PRC subsidiaries is required to be registered with the SAFE in its local branches and satisfy relevant requirements, and our PRC subsidiaries
may not procure loans which exceed the difference between its respective total project investment amount and registered capital or two
times (which may be varied year by year due to the change of PRC’s national macroeconomic policy) of the net worth of our PRC subsidiaries.
According to the relevant PRC regulations on foreign-invested enterprises in China, capital contributions to our PRC subsidiaries are
subject to the registration with SAMR in its local branches, report submission to the MOFCOM in