(SeaPRwire) – HONG KONG, April 08, 2026 — 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a provider of business-to-business (“B2B”) information technology (“IT”) business solutions, announced today that it has received formal notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (Nasdaq) stating that the Company has met the requirements of Listing Rule 5550(a)(2), the Exchange’s minimum bid price requirement. Consequently, the Company will not proceed with its previously planned appeal of the Staff’s delisting determination, and the associated hearing has been canceled. The Company’s Class A ordinary shares will continue to be listed on the Nasdaq Capital Market.
As previously disclosed, Nasdaq informed the Company on September 25, 2025, that it was not in compliance with the Nasdaq Minimum Bid Price Requirement because the closing bid price of its Class A ordinary shares had been below $1.00 per share for 30 consecutive business days. The Company was granted a 180-day extension, until March 24, 2026, to achieve compliance. On March 27, 2026, the Company received written notification from the Nasdaq Staff indicating that the Company had failed to regain compliance within the 180-calendar-day compliance period, leading the Staff to determine that the Company’s securities would be delisted from the Nasdaq Capital Market unless the Company requested an appeal to a hearings panel.
Nasdaq has now determined that for the ten consecutive business days from March 16, 2026, to April 2, 2026, the closing bid price of the Company’s Class A ordinary shares was at or above $1.00 per share. Therefore, the Company has regained compliance with Listing Rule 5550(a)(2). In light of this regained compliance, the Company will no longer pursue the previously contemplated appeal, and the related hearing has been formally canceled.
“Regaining compliance with Nasdaq’s listing standards is an encouraging start to what we believe will be an important year for the Company,” stated Dr. Tingjun Yang, Chief Executive Officer of 3 E Network Technology Group. “By promoting the construction of our Finnish AI data center, we aim to fulfill our commitment to the global AI strategy. We believe 3 E Network is poised to reach key milestones in the coming year. We will continue to focus on our core business development and strive to create long-term sustainable value for our shareholders.”
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider dedicated to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It adheres to the industry consensus of “AI and energy symbiosis” and possesses significant expertise in energy investment. The Company’s business is structured around two primary portfolios: data center operation services and software development. For further details, please visit the Company’s website at https://3emask.com/.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes may impact its financial condition, operational results, business strategy, and financial needs. Investors can identify these forward-looking statements by the use of words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove to be correct. The Company advises investors that actual results may differ materially from anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
3 E Network Technology Group Limited
Investor Relations Department
Email: ird@3emask.com
Website: https://3emask.com/
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