3 E Network Announces Entry into Material Definitive Agreement, Related Party Transaction and Unregistered Sale of Equity Securities

HONG KONG, Oct. 23, 2026 (GLOBE NEWSWIRE) — 3 E Netwo k Tech ology G oup Limited (Nasdaq: MASK) (the “Compa y” o “3 E Netwo k”), 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 , today e te ed i to a subsc iptio ag eeme t (the “Subsc iptio Ag eeme t”) with 3E NETWORK TECHNOLOGY PTE. LTD., a compa y i co po ated u de the laws of Si gapo e (the “Ya g I vesto ”), a d six i dividual pu chase s (collectively with the Ya g I vesto , the “Pu chase s”), fo a p ivate placeme t (the “P ivate Placeme t”) of a agg egate of 2,751,789 Class A o di a y sha es, pa value $0.005 pe sha e, of the Compa y (the “Class A O di a y Sha es”), at a pu chase p ice of app oximately US$1.8170 pe sha e, fo agg egate g oss cash p oceeds to the Compa y of $5,000,000. O Octobe 23, 2026, the Compa y a ou ced a two-fo -o e sha e co solidatio , with its Class A O di a y Sha es expected to begi t adi g o a post-co solidatio basis o Octobe 30, 2026 (the “Nasdaq Ma ket Effective Date”). These sha e umbe s, the pa value a d the pe -sha e pu chase p ice a e stated o a post-co solidatio basis.

U de the Subsc iptio Ag eeme t, the Ya g I vesto ag eed to subsc ibe fo 1,157,823 Class A O di a y Sha es fo $2,103,764.12, a d each of the six i dividual pu chase s ag eed to subsc ibe fo 265,661 Class A O di a y Sha es fo $482,705.98, i each case o a post-co solidatio basis. Each Pu chase ’s obligatio s a e seve al a d ot joi t. The issua ce of the Class A O di a y Sha es u de the Subsc iptio Ag eeme t is subject to satisfactio of the applicable co ditio s the eu de a d will ot occu befo e the Nasdaq Ma ket Effective Date.

The Class A O di a y Sha es to be issued a d sold u de the Subsc iptio Ag eeme t will ot be egiste ed u de the Secu ities Act of 1933, as ame ded (the “Secu ities Act”), a d will be offe ed a d sold i elia ce o the exemptio f om egist atio p ovided by Sectio 4(a)(2) of the Secu ities Act a d Rule 506(b) of Regulatio D the eu de . The Compa y is elyi g o such exemptio based i pa t o the Pu chase s’ ep ese tatio s, i cludi g that each Pu chase is a acc edited i vesto . The Class A O di a y Sha es may ot be offe ed o sold abse t egist atio o a applicable exemptio f om egist atio equi eme ts. Neithe this p ess elease o the elated Repo t o Fo m 6-K co stitutes a offe to sell o the solicitatio of a offe to buy the secu ities desc ibed he ei .

The Ya g I vesto is co t olled by D . Ti gju Ya g (“D . Ya g”), the Compa y’s Chief Executive Office a d a di ecto , a d its subsc iptio i the P ivate Placeme t co stitutes a elated-pa ty t a sactio . The Audit Committee of the Boa d of Di ecto s eviewed a d app oved the P ivate Placeme t, i cludi g the Ya g I vesto ’s pa ticipatio as a elated-pa ty t a sactio , a d ecomme ded app oval by the Boa d of Di ecto s. The Boa d of Di ecto s app oved the P ivate Placeme t a d the t a sactio s co templated by the Subsc iptio Ag eeme t. Othe tha the Ya g I vesto , o e of the Pu chase s has a y affiliatio with o othe i te est elatio ship with the Compa y o its di ecto s o office s.

The Compa y i te ds to use the p oceeds f om the P ivate Placeme t fo ge e al wo ki g capital, o di a y cou se busi ess ope atio s a d othe lawful co po ate pu poses dete mi ed by the Compa y i its easo able disc etio , i complia ce with applicable laws a d egulatio s.

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 a st o g 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 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 the Compa y’s 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/