HONG KONG, March 11, 2026 — 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a provider of business-to-business (“B2B”) information technology (“IT”) solutions, today disclosed that its board of directors approved on February 15, 2026 the consolidation of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”) at a 25-to-1 ratio, with the marketplace effective date set for March 16, 2026.
Starting when trading opens on March 16, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, using the same ticker symbol “MASK” but with a new CUSIP Number: G8849D128.
As a result of the share consolidation, every 25 outstanding ordinary shares will automatically merge and convert into one issued and outstanding ordinary share, with no action required from shareholders. No fractional shares will be distributed to any shareholders in connection with the consolidation, and any fractional shares that would result from the process will be rounded up to the nearest whole number.
When the share consolidation takes effect, the Company’s authorized share capital will change from US$50,000 split into: (i) 400,000,000 Class A ordinary shares with a par value of US$0.0001 each, and (ii) 100,000,000 Class B ordinary shares with a par value of US$0.0001 each, to US$50,000 divided into: (i) 16,000,000 Class A ordinary shares with a par value of US$0.0025 each, and (ii) 4,000,000 Class B ordinary shares with a par value of US$0.0025 each. The Company’s total issued and outstanding Class A ordinary shares will shift from 28,240,099 shares with a par value of US$0.0001 each to approximately 1,129,604 shares with a par value of US$0.0025 each. Its total issued and outstanding Class B ordinary shares will change from 580,000 shares with a par value of US$0.0001 each to roughly 23,200 shares with a par value of US$0.0025 each.
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a provider of business-to-business (“B2B”) information technology (“IT”) solutions, dedicated to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It adheres to the industry consensus of “AI and energy symbiosis” and holds strong foresight in the field of energy investment. The Company’s business consists of two main portfolios: data center operation services and software development. For more information, please visit the Company’s website at https://3emask.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking. These statements involve known and unknown risks and uncertainties, and they are based on the Company’s current expectations and projections about future events it believes may impact its financial condition, operating results, business strategy and financial needs. Investors can identify these forward-looking statements through terms like “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company has no obligation to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances or changes in expectations, except as required by law. While the Company believes the expectations in these forward-looking statements are reasonable, it cannot guarantee they will prove correct. The Company cautions investors that actual results may differ materially from anticipated outcomes and encourages them to review other factors affecting 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/