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25-for-1 consolidation shrinks 3E Network (Nasdaq: MASK) share count

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Form Type
6-K

Rhea-AI Filing Summary

3 E Network Technology Group Limited is implementing a 25-for-1 share consolidation of its Class A and Class B ordinary shares, effective with Nasdaq trading on March 16, 2026 under the same symbol “MASK.” Each 25 existing shares will automatically combine into one share, with fractional amounts rounded up.

Following the consolidation, authorized capital remains US$50,000, but is restructured into 16,000,000 Class A and 4,000,000 Class B ordinary shares with a par value of US$0.0025 each. Issued and outstanding Class A shares change from 28,240,099 to approximately 1,129,604, and Class B shares from 580,000 to approximately 23,200.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission file number: 001-42466

 

3 E NETWORK TECHNOLOGY GROUP LIMITED

(Exact name of registrant as specified in its charter)

 

No.118 Connaught Road West, 3003-2

Hong Kong, China, 999077

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

 

On February 15, 2026, the Board of Directors of 3 E Network Technology Group Limited (the “Company”) approved, among other things, a Share Consolidation of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”), with a ratio of 25-for-1 (the “Share Consolidation”). Pursuant to the Board resolutions, at the effective time of the Share Consolidation, each 25 issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share, and each 25 issued and unissued Class B Ordinary Shares will be automatically combined into one Class B Ordinary Share. All fractional shares resulting from the Share Consolidation will not be issued to shareholders; instead, any fractional entitlements will be rounded up to the next whole number.

 

The Company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “MASK” and are expected to begin trading on a post-Consolidation basis when the market opens on March 16, 2026.

 

On March 11, 2026, the Company issued a press release announcing the Share Consolidation. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.

 

1

 

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release

 

2

 

 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  3 E Network Technology Group Limited
   
  By: /s/ Tingjun Yang
  Name:  Tingjun Yang
  Title: Chief Executive Officer, Director

 

Date: March 11, 2026

 

3

 

 

 

Exhibit 99.1

 

3 E Network Technology Group Limited Announces 25 for 1 Share Consolidation

 

Hong Kong, China, March 11, 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 February 15, 2026 that the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”) be consolidated on a 25 for 1 ratio with the marketplace effective date of March 16, 2026.

 

Beginning with the opening of trading on March 16, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “MASK” but under a new CUSIP Number, G8849D128.

 

As a result of the share consolidation, each 25 ordinary shares outstanding will automatically combine and convert to one 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 share consolidation, and any fractional shares which would have resulted from the share consolidation will be rounded up to the next whole number.

 

At the time the share consolidation is effective, the Company’s authorized share capital will be changed from US$50,000 divided into: (i) 400,000,000 Class A ordinary shares of par value of US$0.0001 each, and (ii) 100,000,000 Class B ordinary shares of par value of US$0.0001 each, to US$50,000 divided into: (i) 16,000,000 Class A ordinary shares with a par value of US$0.0025 each, and (ii) 4,000,000 Class B ordinary shares with a par value of US$0.0025 each. The Company’s total issued and outstanding Class A ordinary shares will be changed from 28,240,099 Class A ordinary shares with a par value of US$0.0001 each to approximately 1,129,604 Class A ordinary shares with a par value of US$0.0025 each. The Company’s total issued and outstanding Class B ordinary shares will be changed from 580,000 Class B ordinary shares with a par value of US$0.0001 each to approximately 23,200 Class B ordinary shares with a par value of US$0.0025 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

What did 3 E Network Technology Group Limited (MASK) announce in this 6-K?

3 E Network Technology Group Limited approved a 25-for-1 share consolidation of its Class A and Class B ordinary shares. The action reduces the number of shares outstanding while proportionally increasing par value, without requiring any action from existing shareholders.

When will 3 E Network Technology Group’s 25-for-1 share consolidation take effect?

The share consolidation becomes effective for trading on March 16, 2026. From the opening of that day’s session, Class A ordinary shares will trade on a split-adjusted basis on Nasdaq, under symbol “MASK” with new CUSIP G8849D128.

How does the 25-for-1 consolidation change MASK’s outstanding share counts?

Each 25 ordinary shares combine into one share. Class A shares change from 28,240,099 to approximately 1,129,604, and Class B shares from 580,000 to approximately 23,200, with fractional entitlements rounded up to the next whole share.

Does the 3 E Network Technology share consolidation affect authorized share capital?

Authorized share capital stays at US$50,000 but is restructured. It shifts from 400,000,000 Class A and 100,000,000 Class B shares at US$0.0001 par to 16,000,000 Class A and 4,000,000 Class B shares at US$0.0025 par value each.

How will fractional shares be handled in the MASK 25-for-1 share consolidation?

No fractional shares will be issued. Any fractional entitlement resulting from the 25-for-1 consolidation will be rounded up to the next whole number of ordinary shares, simplifying the adjustment for all affected shareholders.

Will MASK’s Nasdaq ticker change after the share consolidation?

The company’s Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol “MASK”. Only the CUSIP changes to G8849D128, while trading reflects the new, split-adjusted share count from March 16, 2026.

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3 E Network Technology Group Limited

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3.14M
15.50M
Software - Application
Technology
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Hong Kong
Kowloon