HONG KONG, Oct. 30, 2026 (GLOBE NEWSWIRE) — 3 E Netwo k Tech ology G oup Limited (Nasdaq: MASK) (the “Compa y” o “3e Netwo k”), a busi ess-to-busi ess (“B2B”) i fo matio tech ology (“IT”) busi ess solutio s p ovide , eceived a w itte dete mi atio lette (the “Staff Dete mi atio ”) f om the Listi g Qualificatio s Staff (the “Staff”) of The Nasdaq Stock Ma ket LLC (“Nasdaq”) o Octobe 27, 2026, otifyi g the Compa y that the Staff has dete mi ed to delist the Compa y’s Class A o di a y sha es f om The Nasdaq Capital Ma ket u less the Compa y timely equests a hea i g befo e a i depe de t Hea i gs Pa el (the “Pa el”).
The Staff Dete mi atio was issued pu sua t to Nasdaq Listi g Rule 5810(c)(3)(A)(iv) o the followi g g ou ds: (i) the closi g bid p ice of the Compa y’s Class A o di a y sha es was below $1.00 pe sha e fo the 30 co secutive busi ess days f om Septembe 15, 2026 th ough Octobe 26, 2026, a d the efo e the Compa y was ot i complia ce with Nasdaq Listi g Rule 5550(a)(2), which equi es a mi imum bid p ice of at least $1.00 pe sha e fo co ti ued listi g (the “Mi imum Bid P ice Requi eme t”); a d (ii) the Compa y is ot eligible fo a y complia ce pe iod specified i Nasdaq Listi g Rule 5810(c)(3)(A) because it effected a o e-fo -twe ty-five (1-fo -25) eve se sha e split o Ma ch 16, 2026, withi the p io o e-yea pe iod.
The Compa y i te ds to timely equest a hea i g befo e the Pa el to appeal the Staff Dete mi atio by Novembe 3, 2026. As stated i the Staff Dete mi atio , a timely hea i g equest will stay the suspe sio of t adi g i the Compa y’s secu ities a d the fili g of Fo m 25-NSE pe di g the Pa el’s decisio . Du i g that pe iod, the Compa y’s Class A o di a y sha es will co ti ue to t ade o The Nasdaq Capital Ma ket u de the symbol “MASK.”
The Compa y is actively evaluati g measu es to egai complia ce with the Mi imum Bid P ice Requi eme t, i cludi g pote tial capital ma kets t a sactio s, fi a ci g activities a d fu the sha e co solidatio s. The Compa y will p ovide fu the disclosu e ega di g its hea i g a d complia ce pla as app op iate.
About 3 E Netwo k Tech ology G oup Limited3 E Netwo k Tech ology G oup Limited is a busi ess-to-busi ess (“B2B”) i fo matio tech ology (“IT”) busi ess solutio s p ovide , committed to becomi g a ext-ge e atio a tificial i tellige ce (“AI”) i f ast uctu e solutio s p ovide . It upholds the i dust y co se sus of “AI a d e e gy symbiosis” a d has excelle t visio i the field of e e gy i vestme t. The Compa y’s busi ess comp ises two mai po tfolios: the data ce te ope atio se vices po tfolio a d the softwa e developme t po tfolio. Fo mo e i fo matio , please visit the Compa y’s website at https://3emask.com/.
Fo wa d-Looki g Stateme tsCe tai stateme ts i this a ou ceme t a e fo wa d-looki g stateme ts. These fo wa d-looki g stateme ts i volve k ow a d u k ow isks a d u ce tai ties a d a e based o the Compa y’s cu e t expectatio s a d p ojectio s about futu e eve ts that the Compa y believes may affect its fi a cial co ditio , esults of ope atio s, busi ess st ategy a d fi a cial eeds. I vesto s ca ide tify these fo wa d-looki g stateme ts by wo ds o ph ases such as “app oximates,” “assesses,” “believes,” “hopes,” “expects,” “a ticipates,” “estimates,” “p ojects,” “i te ds,” “pla s,” “will,” “would,” “should,” “could,” “may” o simila exp essio s. The Compa y u de takes o obligatio to update o evise publicly a y fo wa d-looki g stateme ts to eflect subseque t occu i g eve ts o ci cumsta ces, o cha ges i its expectatio s, except as may be equi ed by law. Although the Compa y believes that the expectatio s exp essed i these fo wa d-looki g stateme ts a e easo able, it ca ot assu e you that such expectatio s will tu out to be co ect, a d the Compa y cautio s i vesto s that actual esults may diffe mate ially f om the a ticipated esults a d e cou ages i vesto s to eview othe facto s that may affect its futu e esults i the Compa y’s egist atio stateme t a d othe fili gs with the U.S. Secu ities a d Excha ge Commissio .
Fo mo e i fo matio , please co tact:
3 E Netwo k Tech ology G oup LimitedI vesto Relatio s Depa tme tEmail: i d@3emask.comWebsite: https://3emask.com/
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