Guangzhou, China-based 3 E Network Technology Group Limited (Nasdaq: MASK), a B2B IT solutions provider, successfully completed its initial public offering (IPO) on January 8, 2025. The IPO involved 1,250,000 Class A ordinary shares priced at US$4.00 per share, raising gross proceeds of US$5.00 million before expenses. The shares commenced trading on the Nasdaq Capital Market under the ticker symbol “MASK.”

Underwriters hold a 45-day option to purchase up to 187,500 additional shares at the IPO price, less underwriting commissions and discounts. The net proceeds will fund business expansion, working capital, research and development, and talent acquisition and management.

Craft Capital Management LLC and Boustead Securities, LLC served as underwriters for the firm commitment offering. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as U.S. counsel for 3 E Network, while Sichenzia Ross Ference Carmel LLP represented the underwriters.

The SEC declared effective the Form F-1 registration statement (Registration No.: 333-276180) on December 20, 2024. The offering was made via prospectus, part of the effective registration statement.

Prospectuses are available from Craft Capital Management LLC (email: [email protected], mail: 377 Oak St, Lower Concourse, Garden City, NY 11530, phone: +1 (800) 550-8411) or Boustead Securities, LLC (email: [email protected], mail: 6 Venture Ste 395, Irvine, CA 92618, phone: +1 (949) 502-4408), and on the SEC website at [website address].

This release doesn’t constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful.

About 3 E Network Technology Group Limited

3 E Network Technology Group Limited provides B2B IT solutions. Operating through Guangzhou Sanyi Network and Guangzhou 3E Network, the company initially focused on integrated software and hardware for property management and exhibition services, later expanding to food, real estate, conferences, and clean energy sectors. Its business comprises software development and exhibition/conference services. Visit [website address] for more information.

Safe Harbor Statements

This announcement contains forward-looking statements involving risks and uncertainties. These statements are based on current expectations and projections about future events that may affect the Company’s financial condition, results, strategy, and needs. Forward-looking statements often include words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” etc. The Company is not obligated to update forward-looking statements, except as legally required. While the Company believes these statements are reasonable, actual results may differ materially. Investors should review the Company’s registration statement and other SEC filings for additional information.

For more information, please contact:

3 E Network Technology Group Limited
Investor Relations Department
Email: [email protected]