HONG KONG, Oct. 23, 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 , today a ou ced that the Compa y’s boa d of di ecto s app oved o Octobe 10, 2026 that the Compa y’s Class A o di a y sha es (the “Class A O di a y Sha es”) a d Class B o di a y sha es (the “Class B O di a y Sha es”) be co solidated o a 2 fo 1 atio with the ma ketplace effective date of Octobe 30, 2026.
Begi i g with the ope i g of t adi g o Octobe 30, 2026, the Compa y’s Class A O di a y Sha es will t ade o the Nasdaq Capital Ma ket o a split-adjusted basis, u de the same symbol “MASK” but u de a ew CUSIP Numbe , G8849D136.
As a esult of the sha e co solidatio , each two (2) o di a y sha es outsta di g will automatically combi e a d co ve t to o e (1) issued a d outsta di g o di a y sha e without a y actio o the pa t of the sha eholde s. No f actio al sha es will be issued to a y sha eholde s i co ectio with the sha e co solidatio , a d a y f actio al sha es which would have esulted f om the sha e co solidatio will be ou ded up to the ext whole umbe .
At the time the sha e co solidatio is effective, the Compa y’s autho ized sha e capital will be cha ged f om US$375,000 divided i to: (i) 100,000,000 Class A O di a y Sha es of pa value of US$0.0025 each, a d (ii) 50,000,000 Class B O di a y Sha es of pa value of US$0.0025 each, to US$375,000 divided i to: (i) 50,000,000 Class A O di a y Sha es with a pa value of US$0.005 each, a d (ii) 25,000,000 Class B O di a y Sha es with a pa value of US$0.005 each. The Compa y’s total issued a d outsta di g Class A O di a y Sha es will be cha ged f om 5,230,209 Class A O di a y Sha es with a pa value of US$0.0025 each to app oximately 2,615,105 Class A O di a y Sha es with a pa value of US$0.005 each. The Compa y’s total issued a d outsta di g Class B O di a y Sha es will be cha ged f om 23,200 Class B O di a y Sha es with a pa value of US$0.0025 each to app oximately 11,600 Class B O di a y Sha es with a pa value of US$0.005 each.
3 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/.
Ce 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 .
