3E Network (NASDAQ: MASK) to buy 4.9% hashbeaver tech stake for US$1.47M

Rhea-AI Filing Summary

3 E Network Technology Group Limited reported that on April 23, 2026 it entered into a Share Subscription Agreement with hashbeaver tech Limited. The company agreed to subscribe for 1,470,000 ordinary shares of hashbeaver tech for total consideration of US$1,470,000, based on a pre-money valuation of US$30,000,000.

Payment of the subscription price is to be completed within thirty days from the agreement date. After completion and registration, 3 E Network Technology will hold 4.9% of hashbeaver tech’s enlarged issued share capital. The filing also includes standard forward-looking statements and related risk cautions.

Insights

Equity transactions analyst

3E Network commits US$1.47M for a 4.9% minority stake in hashbeaver tech.

3 E Network Technology Group Limited has signed a Share Subscription Agreement to acquire 1,470,000 ordinary shares of hashbeaver tech Limited for US$1,470,000, implying a pre-money valuation of US$30,000,000 for the target.

Upon completion and member register update, 3E Network will own 4.9% of hashbeaver tech’s enlarged issued share capital, indicating a minority, non-controlling position. The agreement requires payment within thirty days of the April 23, 2026 signing date.

The filing includes a detailed forward-looking statements disclaimer, emphasizing that actual results may differ materially from expectations and directing investors to existing SEC filings for additional risk factors. Overall, this appears as a targeted strategic investment with modest financial scale relative to typical control transactions.

Key Figures

Subscription Shares: 1,470,000 ordinary shares Total consideration: US$1,470,000 Pre-money valuation: US$30,000,000 +3 more

6 metrics

Subscription Shares 1,470,000 ordinary shares Shares of hashbeaver tech Limited to be subscribed

Total consideration US$1,470,000 Price for the Subscription Shares

Pre-money valuation US$30,000,000 Valuation of hashbeaver tech used to price the deal

Resulting ownership stake 4.9% enlarged issued share capital 3E Network’s post-transaction stake in hashbeaver tech

Payment deadline 30 days Time from April 23, 2026 to pay subscription price

Agreement date April 23, 2026 Date of Share Subscription Agreement signing

Key Terms

Share Subscription Agreement, pre-money valuation, enlarged issued share capital, forward-looking statements, +1 more

5 terms

Share Subscription Agreement financial

"entered into a Share Subscription Agreement (the “Agreement”) with hashbeaver tech Limited"

A share subscription agreement is a written contract in which an investor agrees to buy a specific number of a company's shares at an agreed price and under stated conditions. It matters to investors because it spells out who pays what, when shares are issued, and any protections or obligations for both sides—like a detailed purchase order that clarifies ownership, timing and potential dilution risk so investors know exactly how their stake will be created and protected.

pre-money valuation financial

"determined based on a pre-money valuation of the Target at US$30,000,000"

Pre-money valuation is the estimated worth of a company before it receives any new investment. It can be thought of as the company's value right before adding fresh money, similar to valuing a house before a renovation. This figure helps investors understand how much of the company they will own after investing and how their investment impacts the company's overall value.

enlarged issued share capital financial

"the Company will hold 4.9% of the enlarged issued share capital of the Target"

forward-looking statements regulatory

"Certain statements in this announcement are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Safe Harbor Statement regulatory

"Safe Harbor Statement Certain statements in this announcement are forward-looking"

A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 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 ☐

Entry into a Material Definitive Agreement

On April 23, 2026, 3 E Network Technology Holdings Limited (the “Company”) entered into a Share Subscription Agreement (the “Agreement”) with hashbeaver tech Limited (the “Target”), pursuant to which the Company agreed to subscribe for, and the Target agreed to issue and allot 1,470,000 ordinary shares of the Target (the “Subscription Shares”). The total consideration for the Subscription Shares is US$1,470,000, determined based on a pre-money valuation of the Target at US$30,000,000.

The Company shall complete the payment of the subscription price within thirty (30) days from the date of the Agreement. Upon the completion of the transaction and the update of the Target’s Register of Members, the Company will hold 4.9% of the enlarged issued share capital of the Target.

Safe Harbor Statement

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.

1

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: April 28, 2026

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FAQ

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

3 E Network Technology disclosed a Share Subscription Agreement to buy 1,470,000 ordinary shares of hashbeaver tech Limited. The total consideration is US$1,470,000, giving 3E Network a 4.9% stake in hashbeaver tech’s enlarged issued share capital after completion and registration.

How much is 3 E Network Technology (MASK) paying for the hashbeaver tech shares?

3 E Network Technology agreed to pay total consideration of US$1,470,000 for 1,470,000 ordinary shares of hashbeaver tech Limited. This price is based on a pre-money valuation of US$30,000,000 for hashbeaver tech, as specified in the Share Subscription Agreement disclosed in the filing.

What ownership stake will 3 E Network Technology (MASK) receive in hashbeaver tech?

After completion of the subscription and updating the Target’s Register of Members, 3 E Network Technology will hold 4.9% of hashbeaver tech’s enlarged issued share capital. This reflects a minority, non-controlling equity position resulting from the 1,470,000 ordinary shares subscribed under the disclosed agreement.

When must 3 E Network Technology (MASK) pay for the hashbeaver tech Subscription Shares?

3 E Network Technology must complete payment of the US$1,470,000 subscription price within thirty days from the April 23, 2026 agreement date. Timely payment is a condition to completion, after which the share register will be updated to reflect its 4.9% ownership stake.

What valuation does the deal imply for hashbeaver tech in the MASK filing?

The filing states that the US$1,470,000 consideration for 1,470,000 shares was determined using a pre-money valuation of US$30,000,000 for hashbeaver tech Limited. This valuation underpins the pricing of the Subscription Shares acquired by 3 E Network Technology.

Does the MASK 6-K include any forward-looking statements or risk cautions?

Yes. The 6-K contains a Safe Harbor Statement noting that certain statements are forward-looking, involve known and unknown risks and uncertainties, and may differ materially from actual results. It encourages investors to review the company’s registration statement and other SEC filings for additional risk factors.