HONG KONG, Dec. 19, 2025 — 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) solutions provider aspiring to become a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the initial closing of an offering of convertible promissory notes totaling an aggregate principal amount of $2 million.
The notes were offered privately to an institutional investor (the “Investor”) under a Securities Purchase Agreement (the “Purchase Agreement”). The Purchase Agreement specifies an initial principal amount of $1.5 million (the “Note”)—convertible into the Company’s Class A ordinary shares (par value $0.0001 per share, referred to as “Shares”)—yielding aggregate gross proceeds of $1.38 million at the initial closing. A subsequent closing for an additional $500,000 in principal amount of notes, in exchange for $460,000 more in gross proceeds, will take place once a resale registration statement for the Shares underlying the notes becomes effective, subject to specific terms and conditions.
The Company and the Investor also signed a Registration Rights Agreement. This agreement requires the Company to submit a registration statement to the U.S. Securities and Exchange Commission (SEC) within 15 business days of the closing. The statement will be on Form F-3, or Form F-1 (or any successor form) if the Company is not eligible for Form F-3 at that time, and will cover the resale of Shares issuable upon conversion of the notes.
Boustead Securities, LLC served as the placement agent for this offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. No sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that state or jurisdiction.
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a B2B IT solutions provider dedicated to becoming a next-generation AI infrastructure solutions provider. It upholds the industry principle of “AI and energy symbiosis” and has strong expertise in energy investment. The Company’s business consists of two core segments: data center operation services and software development. For more information, 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, based on the Company’s current expectations and projections about future events it believes may impact its financial condition, operational results, business strategy, and financial needs. Investors can identify these forward-looking statements by 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—unless required by law. While the Company considers these expectations reasonable, it cannot guarantee they will be accurate. The Company cautions investors that actual results may differ materially from anticipated results and encourages them to review other factors affecting future results in the Company’s registration statement and other SEC filings.
For further information, please contact:
3 E Network Technology Group Limited
Investor Relations Department
Email: ird@3emask.com
Website: https://3emask.com/
