Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 223

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 223
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 a single director, which increases the shareholder’s
voting power with respect to electing such director. As permitted under BVI law, our Amended and Restated Articles do not provide for
cumulative voting. As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a
Delaware corporation.

Removal of directors

Under the Delaware General Corporation Law, a director
of a corporation with a classified board may be removed only for cause with the approval of a majority of the outstanding shares entitled
to vote, unless the certificate of incorporation provides otherwise. Under our Amended and Restated Articles, directors can be removed
from office, with or without cause, by a resolution of shareholders passed at a meeting of the shareholders called for the purposes of
removing the director or for purposes including the removal of the director or by a written resolution passed by at least 75 percent of
the votes of the shareholders entitled to vote. Directors can also be removed by a resolution of directors passed at a meeting of directors
called for the purpose of removing the director or for purposes including the removal of the director.

Transactions with interested shareholders

The Delaware General Corporation Law contains a
business combination statute applicable to Delaware public corporations whereby, unless the corporation has specifically elected not to
be governed by such statute by amendment to its certificate of incorporation, it is prohibited from engaging in certain business combinations
with an “interested shareholder” for three years following the date that such person becomes an interested shareholder.
An interested shareholder generally is a person or group who or which owns or owned 15% or more of the target’s outstanding voting
shares within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered bid
for the target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to the
date on which such shareholder becomes an interested shareholder, the board of directors approves either the business combination or the
transaction which resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware public
corporation to negotiate the terms of any acquisition transaction with the target’s board of directors. BVI law has no comparable
statute and our Amended and Restated Articles does not provide for the same protection afforded by the Delaware business combination statute.

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Dissolution; Winding Up

Under the Delaware General Corporation Law, unless
the