3 E Network Technology Group Limited Announces Further Share Consolidation Resulting in a Cumulative 4 for 1 Ratio

3 E Network Technology Group (MASK) approved a further share consolidation, bringing the cumulative ratio to 4 for 1.

Rhea-AI Summary

3 E Network Technology Group (MASK) approved a further share consolidation, bringing the cumulative ratio to 4 for 1. The additional 2-for-1 consolidation combines with the previously announced 2-for-1 consolidation. Class A ordinary shares will begin trading on the Nasdaq Capital Market on the cumulative split-adjusted basis on October 30, 2026, retaining the MASK symbol.

Both Class A and Class B shares are covered. Issued and outstanding Class A shares will change from 5,230,209 to approximately 1,307,553, while Class B shares will change from 23,200 to approximately 5,800. Authorized share capital will remain US$375,000, divided into 25,000,000 Class A shares and 12,500,000 Class B shares after both consolidations. Every four outstanding shares before the consolidations will automatically convert into one share without shareholder action.

News Explained

For a holder whose shares would convert into a fraction under the further consolidation, 3 E Network says no fractional share will be issued; the amount will be rounded up to the next whole share.

Key Figures

Cumulative share consolidation: 4 for 1 Split-adjusted trading begins: October 30, 2026 Issued and outstanding Class A shares: 5,230,209 → approximately 1,307,553 shares +1 more

Cumulative share consolidation

4 for 1

Combines the previously announced consolidation with the further consolidation

Split-adjusted trading begins

October 30, 2026

Class A ordinary shares on the Nasdaq Capital Market

Issued and outstanding Class A shares

5,230,209 → approximately 1,307,553 shares

Before both consolidations → following completion of both consolidations

Issued and outstanding Class B shares

23,200 → approximately 5,800 shares

Before both consolidations → following completion of both consolidations

Historical Context

1 past event · Latest: Oct 23

1 event

1. Oct 23

   Share consolidation

   24h Move

   -12.4%

   Earlier announcement established the first consolidation step in this same transaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

par value, cusip number

2 terms

par value financial

"ordinary shares of par value US$0.005 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip number technical

"the previously announced CUSIP Number, G8849D136"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

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HONG KONG, Oct. 28, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced that the Company’s board of directors approved on October 28, 2026 a further 2 for 1 consolidation of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”), resulting in a cumulative 4 for 1 share consolidation when combined with the previously announced 2 for 1 share consolidation.

As previously announced in the Company’s press release dated October 23, 2026, the Company approved a 2 for 1 share consolidation and has amended its memorandum of association to reflect that consolidation. Under the further 2 for 1 share consolidation, every two (2) ordinary shares of par value US$0.005 each following the previously announced consolidation will be consolidated into one (1) ordinary share of par value US$0.01 each. Accordingly, the two consolidations together will consolidate every four (4) ordinary shares of par value US$0.0025 each into one (1) ordinary share of par value US$0.01 each.

Beginning with the opening of trading on October 30, 2026, the Company’s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a cumulative 4 for 1 split-adjusted basis, under the same symbol “MASK” and the previously announced CUSIP Number, G8849D136.

As a result of the previously announced 2 for 1 share consolidation and the further 2 for 1 share consolidation, each four (4) ordinary shares outstanding prior to these consolidations will automatically combine and convert to one (1) issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the further share consolidation, and any fractional shares which would have resulted from the further share consolidation will be rounded up to the next whole number.

As a result of the previously announced 2 for 1 share consolidation and the further 2 for 1 share consolidation, representing a cumulative 4 for 1 share consolidation, the Company’s authorized share capital will be changed from US$375,000 divided into: (i) 100,000,000 Class A Ordinary Shares of par value of US$0.0025 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of US$0.0025 each, in each case before the share consolidation announced on October 23, 2026, to US$375,000 divided into: (i) 25,000,000 Class A Ordinary Shares with a par value of US$0.01 each, and (ii) 12,500,000 Class B Ordinary Shares with a par value of US$0.01 each, following completion of both consolidations. On the same basis, the Company’s total issued and outstanding Class A Ordinary Shares will be changed from 5,230,209 Class A Ordinary Shares with a par value of US$0.0025 each to approximately 1,307,553 Class A Ordinary Shares with a par value of US$0.01 each. The Company’s total issued and outstanding Class B Ordinary Shares will be changed from 23,200 Class B Ordinary Shares with a par value of US$0.0025 each to approximately 5,800 Class B Ordinary Shares with a par value of US$0.01 each.

About 3 E Network Technology Group Limited

3 E Network Technology Group Limited is a business-to-business ("B2B") information technology ("IT") business solutions provider, committed to becoming a next-generation artificial intelligence ("AI") infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has excellent vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

3 E Network Technology Group Limited

Investor Relations Department

Email: ird@3emask.com

Website: https://3emask.com/

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the cumulative share consolidation ratio for 3 E Network Technology Group (MASK)?

The cumulative consolidation ratio is 4 for 1, combining the previously announced 2-for-1 consolidation with a further 2-for-1 consolidation. Every four ordinary shares outstanding before the consolidations will automatically convert into one ordinary share.

When will MASK begin trading on the cumulative split-adjusted basis?

MASK Class A ordinary shares will begin trading on the cumulative 4-for-1 split-adjusted basis on October 30, 2026, at the opening of trading on the Nasdaq Capital Market. The trading symbol will remain MASK.

How will 3 E Network Technology Group handle fractional shares in the further consolidation?

Fractional shares resulting from the further consolidation will be rounded up to the next whole number. No fractional shares will be issued in connection with that consolidation.